Firstgroup (OTCMKTS:FGROY) Stock Price Up 17% - Still a Buy?

Key Points

• FirstGroup PLC shares saw a significant increase of 17%, trading at $3.05 after previously closing at $2.61, with trading volume up by 522% compared to the average session.
• The company recently declared a dividend of $0.0521 per share, a notable increase from the previous $0.04, resulting in an impressive yield of 373.0%.
• FirstGroup operates public transport services in the UK through its First Bus and First Rail segments, managing approximately 4,800 buses and a portfolio of rail franchises.

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY - Get Free Report)'s stock price was up 17% during mid-day trading on Thursday . The company traded as high as $3.05 and last traded at $3.05. Approximately 138 shares were traded during trading, an increase of 522% from the average daily volume of 22 shares. The stock had previously closed at $2.61.

Firstgroup Price Performance

The business has a 50-day moving average of $3.01 and a 200-day moving average of $2.61. The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 1.37.

Firstgroup Increases Dividend

The company also recently announced a dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, July 4th were given a $0.0521 dividend. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a yield of 373.0%. This is an increase 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.