FRP Advisory Group (LON:FRP) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of FRP Advisory Group plc (LON:FRP) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 146.37 ($1.82) and traded as low as GBX 134 ($1.66). FRP Advisory Group shares last traded at GBX 135.50 ($1.68), with a volume of 878,397 shares trading hands.

Analyst Ratings Changes

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

FRP Advisory Group Trading Up 0.3 %

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 stock has a market capitalization of £333.27 million, a P/E ratio of 1,510.67 and a beta of 0.48. The stock has a 50-day moving average price of GBX 146.37 and a two-hundred day moving average price of GBX 142.16.

FRP Advisory Group (LON:FRP) last released its quarterly earnings results on Tuesday, December 17th. The company reported GBX 6.19 ($0.08) earnings per share for the quarter. FRP Advisory Group had a net margin of 17.16% and a return on equity of 31.21%. On average, research analysts forecast that FRP Advisory Group plc will post 10.5042017 EPS for the current fiscal year.

FRP Advisory Group Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 20th will be paid 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%.

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.