Financial Lp Hrt Buys 93,151 Shares of Founder Group (NASDAQ:FGL) Stock

Founder Group Limited (NASDAQ:FGL) major shareholder Financial Lp Hrt acquired 93,151 shares of the stock in a transaction on Thursday, August 27th. The stock was purchased at an average cost of $0.17 per share, with a total value of $15,835.67. Following the transaction, the insider directly owned 355,503 shares of the company’s stock, valued at $60,435.51. This represents a 35.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, August 26th, Financial Lp Hrt sold 15,788 shares of Founder Group stock. The shares were sold at an average price of $0.22, for a total transaction of $3,473.36.
• On Thursday, August 20th, Financial Lp Hrt sold 146,713 shares of Founder Group stock. The stock was sold at an average price of $0.33, for a total transaction of $48,415.29.
• On Friday, August 21st, Financial Lp Hrt bought 76,711 shares of Founder Group stock. The shares were purchased at an average cost of $0.27 per share, for a total transaction of $20,711.97.
• On Wednesday, August 19th, Financial Lp Hrt bought 15,329 shares of Founder Group stock. The stock was purchased at an average price of $0.38 per share, with a total value of $5,825.02.

Founder Group Price Performance

FGL opened at $0.15 on Friday. The company has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $3.22. Founder Group Limited has a twelve month low of $0.12 and a twelve month high of $140.00. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59.

Founder Group’s stock is going to reverse split on Tuesday, September 1st. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 31st.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Founder Group in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

About Founder Group

Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.

The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.