Firstgroup (OTCMKTS:FGROY) Shares Gap Up – Time to Buy?

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.50, but opened at $2.70. Firstgroup shares last traded at $2.70, with a volume of 200 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of Firstgroup in a research report on Monday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Firstgroup Trading Up 8.0%

The company’s 50-day moving average is $2.84 and its two-hundred day moving average is $2.93. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.70 and a quick ratio of 0.68.

Firstgroup Cuts Dividend

The business 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. The ex-dividend date is Friday, November 28th. This represents a yield of 282.0%.

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.