FRP Advisory Group (LON:FRP) Reaches New 1-Year High – Should You Buy?

FRP Advisory Group plc (LON:FRP) hit a new 52-week high on Wednesday . The company traded as high as GBX 160 ($2.03) and last traded at GBX 159 ($2.02), with a volume of 1087706 shares trading hands. The stock had previously closed at GBX 146.50 ($1.86).

FRP Advisory Group Trading Up 8.5 %

The stock has a market capitalization of £389.74 million, a P/E ratio of 1,752.36 and a beta of 0.48. 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 firm’s 50-day simple moving average is GBX 140.24 and its 200 day simple moving average is GBX 135.75.

FRP Advisory Group Cuts Dividend

The business also recently declared 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 dividend payout ratio (DPR) is presently 5,555.56%.

Insider Activity

In other news, insider David Chubb sold 35,000 shares of FRP Advisory Group stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of GBX 140 ($1.78), for a total value of £49,000 ($62,182.74). Company insiders own 10.82% of the company’s stock.

FRP Advisory Group Company Profile

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.