Firstgroup (OTCMKTS:FGROY) Sees Unusually-High Trading Volume – Time to Buy?

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY) shares saw strong trading volume on Monday . 4,202 shares traded hands during trading, an increase of 361% from the previous session’s volume of 911 shares.The stock last traded at $2.47 and had previously closed at $2.50.

Analysts Set New Price Targets

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

Firstgroup Stock Down 0.4%

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

Firstgroup Cuts Dividend

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

About Firstgroup

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.