FirstGroup (LON:FGP) Trading 0.6% Higher – Here’s Why

FirstGroup plc (LON:FGP)’s stock price shot up 0.6% on Thursday . The stock traded as high as GBX 157.30 ($2.01) and last traded at GBX 154.80 ($1.97). 663,466 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,304,623 shares. The stock had previously closed at GBX 153.90 ($1.96).

FirstGroup Trading Down 0.3 %

The firm has a market capitalization of £927.79 million, a price-to-earnings ratio of -7,720.00, a price-to-earnings-growth ratio of 5.21 and a beta of 1.59. The business’s 50 day moving average price is GBX 142.27 and its 200-day moving average price is GBX 155.56. The company has a debt-to-equity ratio of 256.40, a current ratio of 0.69 and a quick ratio of 0.74.

FirstGroup Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, November 28th will be given a dividend of GBX 1.70 ($0.02) per share. This represents a yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 28th. FirstGroup’s payout ratio is -30,000.00%.

Insider Transactions at FirstGroup

In other news, insider Graham Sutherland purchased 20,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were acquired at an average price of GBX 153 ($1.95) per share, with a total value of £30,600 ($39,010.71). Company insiders own 3.64% of the company’s stock.

FirstGroup Company Profile

FirstGroup plc provides public transport services in the United Kingdom. The company operates through First Bus and First Rail segments. The First Bus segment offers local bus services with a fleet of approximately 4,900 buses in the United Kingdom. The First Rail segment operates a passenger rail network that provides long-distance, commuter, regional, and sleeper services through a portfolio of Great Western Railway, South Western Railway, TransPennine Express, and Avanti West Coast franchises; and hull trains and Lumos.