FRP (NASDAQ:FRPH) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.16 and traded as high as $24.05. FRP shares last traded at $23.39, with a volume of 83,837 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. Wall Street Zen raised shares of FRP from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, FRP has a consensus rating of “Sell”.

FRP Stock Performance

The company’s fifty day moving average price is $23.85 and its 200 day moving average price is $23.16. The firm has a market capitalization of $433.43 million, a price-to-earnings ratio of 565.39 and a beta of 0.51.

FRP (NASDAQ:FRPH) last issued its earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) EPS for the quarter. The company had revenue of $10.59 million during the quarter. FRP had a net margin of 2.16% and a return on equity of 0.29%.

Institutional Trading of FRP

A number of large investors have recently modified their holdings of the company. Signaturefd LLC raised its holdings in shares of FRP by 297.9% during the fourth quarter. Signaturefd LLC now owns 1,154 shares of the financial services provider’s stock valued at $26,000 after buying an additional 864 shares during the last quarter. Russell Investments Group Ltd. raised its stake in FRP by 42.5% during the 4th quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 484 shares in the last quarter. Focus Partners Wealth acquired a new position in FRP during the 3rd quarter worth $42,000. CWM LLC lifted its stake in shares of FRP by 63.7% in the 4th quarter. CWM LLC now owns 2,488 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 968 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of FRP by 30.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 511 shares during the period. Institutional investors and hedge funds own 45.42% of the company’s stock.

About FRP

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.