FRP Advisory Group (LON:FRP) Stock Passes Below Fifty Day Moving Average – Should You Sell?

FRP Advisory Group plc (LON:FRP)’s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 143.56 ($1.86) and traded as low as GBX 122 ($1.58). FRP Advisory Group shares last traded at GBX 123.50 ($1.60), with a volume of 240,176 shares.

FRP Advisory Group Price Performance

The company has a market capitalization of £303.95 million, a price-to-earnings ratio of 1,377.78 and a beta of 0.48. The company’s 50 day simple moving average is GBX 142.54 and its 200-day simple moving average is GBX 132.84. 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 Cuts Dividend

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

Insider Transactions at FRP Advisory Group

In other news, insider David Chubb sold 35,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.82), for a total transaction of £49,000 ($63,619.84). In related news, insider David Chubb sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of GBX 140 ($1.82), for a total value of £49,000 ($63,619.84). Also, insider Gavin Jones sold 52,633 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of GBX 129 ($1.67), for a total transaction of £67,896.57 ($88,154.47). 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.