FRP Advisory Group (LON:FRP) Shares Cross Above 200-Day Moving Average – Time to Sell?

FRP Advisory Group plc (LON:FRP)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 140.10 ($1.74) and traded as high as GBX 148 ($1.84). FRP Advisory Group shares last traded at GBX 145.75 ($1.81), with a volume of 78,626 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 220 ($2.73) price objective on shares of FRP Advisory Group in a research note on Tuesday, December 17th.

FRP Advisory Group Price Performance

The firm has a market cap of £355.42 million, a price-to-earnings ratio of 1,611.11 and a beta of 0.48. The company has a debt-to-equity ratio of 14.51, a quick ratio of 2.12 and a current ratio of 2.68. The company’s fifty day moving average is GBX 146.74 and its two-hundred day moving average is GBX 140.24.

FRP Advisory Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be given a GBX 0.95 ($0.01) dividend. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, February 20th. FRP Advisory Group’s payout ratio 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 ($1.74), for a total transaction of £49,000 ($60,869.57). Company insiders own 10.82% of the company’s stock.

FRP Advisory Group Company Profile

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.