Firstgroup (OTCMKTS:FGROY) Stock Price Down 8.9% – Here’s What Happened

Shares of Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY) fell 8.9% during mid-day trading on Wednesday . The company traded as low as $2.46 and last traded at $2.46. 3,951 shares traded hands during trading, an increase of 295% from the average session volume of 1,000 shares. The stock had previously closed at $2.70.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Firstgroup in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Firstgroup Trading Up 10.1%

The business has a 50 day moving average of $2.75 and a 200 day moving average of $2.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.68 and a current ratio of 0.70.

Firstgroup Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.0232 per share. The ex-dividend date is Friday, November 28th. This represents a dividend yield of 282.0%.

Firstgroup Company Profile

FirstGroup plc is a transport operator headquartered in Aberdeen, Scotland, providing bus, coach and rail services across the United Kingdom and North America. The company’s core businesses comprise First Bus, which operates local and regional bus networks in urban and rural communities; First Rail, which holds and operates rail franchises on the UK network; and First Transit, a subsidiary offering outsourced transit management services to public agencies and institutions.

Since its formation in 1986 following the privatization of British Rail, FirstGroup has grown through organic bidding for UK rail and bus contracts and strategic acquisitions overseas.