Firan Technology Group (TSE:FTG) Shares Down 10.2% – Time to Sell?

Firan Technology Group Co. (TSE:FTG)’s stock price traded down 10.2% during mid-day trading on Monday . The stock traded as low as C$19.50 and last traded at C$19.56. Approximately 102,761 shares were traded during trading, an increase of 12% from the average daily volume of 91,410 shares. The stock had previously closed at C$21.78.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FTG shares. Raymond James Financial upped their price target on Firan Technology Group from C$24.00 to C$30.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. ATB Cormark Capital Markets set a C$30.00 price objective on Firan Technology Group and gave the stock an “outperform” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$30.00.

Firan Technology Group Stock Performance

The company has a debt-to-equity ratio of 26.70, a current ratio of 2.66 and a quick ratio of 1.53. The company’s 50-day moving average price is C$23.32 and its two-hundred day moving average price is C$21.11. The company has a market capitalization of C$505.73 million, a price-to-earnings ratio of 34.05 and a beta of 2.15.

Firan Technology Group (TSE:FTG) last released its earnings results on Wednesday, July 8th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$52.73 million for the quarter. Firan Technology Group had a net margin of 7.46% and a return on equity of 15.33%. On average, equities research analysts anticipate that Firan Technology Group Co. will post 0.4199717 EPS for the current fiscal year.

About Firan Technology Group

FTG is an aerospace and defence electronics product and subsystem supplier to customers around the globe. FTG has two operating units: FTG Circuits: A manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defence, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California, Fredericksburg, Virginia, Minnetonka, Minnesota, Haverhill, Massachusetts, and a joint venture in Tianjin, China. FTG Aerospace: Designs, certifies, manufactures, and provides in-service support for illuminated cockpit products and electronic assemblies for original equipment manufacturers and operators of aerospace and defence equipment.