Firstgroup (OTCMKTS:FGROY) Shares Gap Up - What's Next?

Key Points

• Firstgroup PLC shares saw a price increase, gapping up from a previous close of $2.61 to an opening price of $3.05.
• The company announced an increase in its dividend to $0.0521, representing a remarkable yield of 373.0%.
• Firstgroup operates public transport services in the UK through its First Bus and First Rail segments.

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.61, but opened at $3.05. Firstgroup shares last traded at $3.05, with a volume of 129 shares changing hands.

Firstgroup Price Performance

The firm's fifty day moving average price is $3.01 and its 200-day moving average price is $2.61. 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 Increases Dividend

The business also recently announced a dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, July 4th were issued a $0.0521 dividend. This represents a dividend yield of 373.0%. The ex-dividend date was Thursday, July 3rd. This is a positive change from Firstgroup's previous dividend of $0.04.

Firstgroup Company Profile

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.