Firstgroup (OTCMKTS:FGROY) Shares Down 8.9% – Here’s Why

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY)’s share price dropped 8.9% on Wednesday . The stock traded as low as $2.46 and last traded at $2.46. Approximately 3,951 shares traded hands during trading, an increase of 295% from the average daily volume of 1,000 shares. The stock had previously closed at $2.70.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Firstgroup in a report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Firstgroup Price Performance

The firm has a 50-day moving average of $2.77 and a 200-day moving average of $2.93. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.68 and a current ratio of 0.70.

Firstgroup Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Monday, December 1st will be given a dividend of $0.0232 per share. The ex-dividend date is Friday, November 28th. This represents a dividend yield of 282.0%.

Firstgroup Company Profile

FirstGroup plc is a transport operator headquartered in Aberdeen, Scotland, providing bus, coach and rail services across the United Kingdom and North America. The company’s core businesses comprise First Bus, which operates local and regional bus networks in urban and rural communities; First Rail, which holds and operates rail franchises on the UK network; and First Transit, a subsidiary offering outsourced transit management services to public agencies and institutions.

Since its formation in 1986 following the privatization of British Rail, FirstGroup has grown through organic bidding for UK rail and bus contracts and strategic acquisitions overseas.