FRP Advisory Group (LON:FRP) Reaches New 52-Week High – Still a Buy?

by · The Cerbat Gem

FRP Advisory Group plc (LON:FRP – Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 155 ($2.01) and last traded at GBX 143.85 ($1.87), with a volume of 359218 shares trading hands. The stock had previously closed at GBX 142 ($1.84).

FRP Advisory Group Trading Up 1.3 %

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 firm has a market cap of £352.61 million, a price-to-earnings ratio of 1,598.22 and a beta of 0.48. The company’s 50-day moving average is GBX 141.35 and its 200-day moving average is GBX 133.34.

FRP Advisory Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be issued a GBX 0.95 ($0.01) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 0.65%. FRP Advisory Group’s dividend payout ratio is currently 5,555.56%.

Insiders Place Their Bets

In other news, insider David Chubb sold 35,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.82), for a total transaction of £49,000 ($63,545.58). Company insiders own 10.82% of the company’s stock.

About FRP Advisory Group

(Get Free Report)

FRP Advisory Group plc, together with its subsidiaries, provides business advisory services to companies, lenders, investors, individuals, and other stakeholders. The company’s services include corporate finance advisory services comprising mergers and acquisitions (M&A), strategic advisory and valuations, capital raising, special situations M&A, partial exits, and financial due diligence; and debt advisory services, such as asset based lending, raising and refinancing debt, debt amendments and extensions, restructuring debt, and corporate and leveraged debt advisory.

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