FRP Advisory Group (LON:FRP) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

FRP Advisory Group plc (LON:FRP)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 140.92 ($1.78) and traded as high as GBX 142.21 ($1.80). FRP Advisory Group shares last traded at GBX 142.21 ($1.80), with a volume of 420,541 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 220 ($2.78) price objective on shares of FRP Advisory Group in a report on Tuesday, December 17th.

FRP Advisory Group Price Performance

The stock has a fifty day simple moving average of GBX 140.92 and a 200-day simple moving average of GBX 142.90. The company has a market capitalization of £352.99 million, a PE ratio of 15.34 and a beta of 0.48. 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 (LON:FRP) last posted its 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 return on equity of 30.26% and a net margin of 17.16%. Equities analysts anticipate that FRP Advisory Group plc will post 10.5042017 earnings per share for the current year.

FRP Advisory Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 20th will be issued a GBX 0.95 ($0.01) dividend. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, February 20th. FRP Advisory Group’s payout ratio is 53.94%.

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.