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

FRP Advisory Group plc (LON:FRP)’s stock price passed 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 220 ($2.73) price target on shares of FRP Advisory Group in a report on Tuesday, December 17th.

FRP Advisory Group Stock Down 0.7 %

The company has a market cap of £355.42 million, a price-to-earnings ratio of 1,611.11 and a beta of 0.48. The stock has a 50-day simple moving average of GBX 146.74 and a 200-day simple moving average of GBX 140.24. The company has a current ratio of 2.68, a quick ratio of 2.12 and a debt-to-equity ratio of 14.51.

FRP Advisory Group Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be issued 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 payout ratio is currently 5,555.56%.

Insider Activity at FRP Advisory Group

In other news, insider David Chubb sold 35,000 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.74), for a total value of £49,000 ($60,869.57). 10.82% of the stock is currently owned by insiders.

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.