FRP Advisory Group (LON:FRP) Sets New 52-Week High – Time to Buy?

FRP Advisory Group plc (LON:FRP) 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 changing hands. The stock had previously closed at GBX 142 ($1.84).

FRP Advisory Group Stock Performance

The company has a quick ratio of 2.12, a current ratio of 2.68 and a debt-to-equity ratio of 14.51. The stock has a market capitalization of £360.33 million, a P/E ratio of 1,633.33 and a beta of 0.48. The firm has a 50-day moving average of GBX 141.25 and a 200 day moving average of GBX 133.62.

FRP Advisory Group Cuts Dividend

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

Insiders Place Their Bets

In other FRP Advisory Group news, insider David Chubb sold 35,000 shares of the business’s stock in a transaction that occurred on 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). Corporate insiders own 10.82% of the company’s stock.

About FRP Advisory Group

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.