Firan Technology Group (TSE:FTG) Price Target Raised to C$12.00 at Acumen Capital

Firan Technology Group (TSE:FTG) had its target price hoisted by research analysts at Acumen Capital from C$11.50 to C$12.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s price target indicates a potential upside of 50.00% from the stock’s previous close.

Separately, Raymond James upgraded Firan Technology Group to a “moderate buy” rating in a research report on Tuesday.

Firan Technology Group Stock Performance

Shares of Firan Technology Group stock traded up C$0.54 on Friday, hitting C$8.00. 28,087 shares of the company’s stock were exchanged, compared to its average volume of 37,795. Firan Technology Group has a 1 year low of C$4.90 and a 1 year high of C$8.92. The company has a 50-day simple moving average of C$7.58 and a 200-day simple moving average of C$7.34. The company has a debt-to-equity ratio of 50.28, a quick ratio of 1.53 and a current ratio of 2.54. The stock has a market capitalization of C$201.62 million, a PE ratio of 18.76 and a beta of 1.45.

Insider Buying and Selling

In other news, Director Mike Andrade acquired 10,000 shares of Firan Technology Group stock in a transaction on Friday, April 11th. The shares were acquired at an average price of C$7.80 per share, with a total value of C$78,000.00. Also, Senior Officer James Crichton sold 10,400 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$8.08, for a total value of C$84,032.00. Over the last 90 days, insiders acquired 15,100 shares of company stock worth $116,548. 32.64% of the stock is owned by corporate insiders.

Firan Technology Group Company Profile

Firan Technology Group Corporation manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, Asia, Europe, and rest of Americas. The company operates in two segments, FTG Circuits and FTG Aerospace. It offers semi additive process technologies, high density interconnect products, high temperature rigid flex printed, RF boards, thermal management, and rigid flex and assembly products.