FRP Advisory Group (LON:FRP) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

FRP Advisory Group plc (LON:FRP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 140.10 ($1.73) and traded as high as GBX 148 ($1.83). FRP Advisory Group shares last traded at GBX 145.75 ($1.80), with a volume of 78,626 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 220 ($2.72) price target on shares of FRP Advisory Group in a research report on Tuesday, December 17th.

FRP Advisory Group Stock Down 0.4 %

The stock has a market cap of £356.36 million, a PE ratio of 1,615.33 and a beta of 0.48. The company has a debt-to-equity ratio of 14.51, a current ratio of 2.68 and a quick ratio of 2.12. The company has a 50 day moving average price of GBX 146.42 and a two-hundred day moving average price of GBX 140.10.

FRP Advisory Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, February 20th will be given a GBX 0.95 ($0.01) dividend. This represents a yield of 0.61%. The ex-dividend date is Thursday, February 20th. FRP Advisory Group’s dividend payout ratio (DPR) is 5,555.56%.

Insider Activity

In other FRP Advisory Group news, insider David Chubb sold 35,000 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.73), for a total transaction of £49,000 ($60,651.07). Insiders own 10.82% of the company’s stock.

About FRP Advisory Group

FRP provide solutions to create, preserve and recover value across a range of complex situations.

Specialising in forensics, corporate finance, debt, restructuring and financial advisory, we deliver strategic solutions across a broad range of situations. Our five pillar services complement each other.