Firstgroup (OTCMKTS:FGROY) Shares Gap Down – Here’s What Happened

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY)’s share price gapped down before the market opened on Monday . The stock had previously closed at $2.65, but opened at $2.50. Firstgroup shares last traded at $2.50, with a volume of 200 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Firstgroup in a report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Firstgroup Trading Down 5.3%

The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.37. The business’s fifty day moving average is $2.85 and its 200 day moving average is $2.94.

Firstgroup Cuts Dividend

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

About Firstgroup

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 4,800 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, and Avanti West Coast franchises; and hull trains and Lumos.