FRP Advisory Group (LON:FRP) Stock Crosses Below 50 Day Moving Average of $111.56

FRP Advisory Group plc (LON:FRP – Get Rating)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 111.56 ($1.39) and traded as low as GBX 109.50 ($1.36). FRP Advisory Group shares last traded at GBX 111 ($1.38), with a volume of 262,107 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank decreased their price objective on FRP Advisory Group from GBX 180 ($2.24) to GBX 175 ($2.18) and set a “buy” rating on the stock in a report on Monday, May 15th.

FRP Advisory Group Trading Down 2.6 %

The company has a 50 day moving average of GBX 111.56 and a 200 day moving average of GBX 136.87. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 29.38. The firm has a market cap of £276.83 million, a price-to-earnings ratio of 2,220.00 and a beta of 0.35.

FRP Advisory Group Announces Dividend

The business also recently declared a dividend, which was paid on Friday, March 24th. Investors of record on Thursday, February 23rd were paid a GBX 0.85 ($0.01) dividend. This represents a yield of 0.51%. The ex-dividend date of this dividend was Thursday, February 23rd. FRP Advisory Group’s dividend payout ratio is 8,000.00%.

Insider Activity at FRP Advisory Group

In related news, insider David Adams purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were acquired at an average price of GBX 118 ($1.47) per share, with a total value of £118,000 ($146,766.17). In other FRP Advisory Group news, insider David Adams acquired 100,000 shares of the business’s stock in a transaction on Monday, March 13th. The stock was purchased at an average price of GBX 118 ($1.47) per share, for a total transaction of £118,000 ($146,766.17). Also, insider Gavin Jones acquired 68,181 shares of the business’s stock in a transaction on Thursday, March 9th. The stock was acquired at an average price of GBX 110 ($1.37) per share, with a total value of £74,999.10 ($93,282.46). 15.09% of the stock is owned by insiders.

About FRP Advisory Group

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FRP Advisory Group plc, through its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company's services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.