Firstgroup (OTCMKTS:FGROY) Shares Gap Up – Here’s Why
by Kim Johansen · The Markets DailyFirstgroup PLC Unsponsored ADR (OTCMKTS:FGROY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $2.06, but opened at $2.55. Firstgroup shares last traded at $2.55, with a volume of 3,691 shares trading hands.
Firstgroup Stock Performance
The stock’s 50 day moving average is $2.23 and its 200 day moving average is $2.40. 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 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.