Firstgroup (OTCMKTS:FGROY) Shares Down 9.2% - Should You Sell?

Key Points

• FirstGroup PLC shares dropped 9.2%, trading at $2.95 after closing at $3.25, with a significant increase in trading volume.
• The company announced a dividend increase to $0.0521, up from $0.04, with a yield of 373.0% set to be paid on August 25th.
• FirstGroup operates public transport services in the UK, including bus and rail services through various franchises, highlighting its importance in the transportation sector.

Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY - Get Free Report) shares traded down 9.2% during trading on Wednesday . The stock traded as low as $2.95 and last traded at $2.95. 455 shares changed hands during mid-day trading, an increase of 2,109% from the average session volume of 21 shares. The stock had previously closed at $3.25.

Firstgroup Price Performance

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 stock's 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $2.45.

Firstgroup Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, July 4th will be issued a $0.0521 dividend. This is an increase from Firstgroup's previous dividend of $0.04. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a yield of 373.0%.

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.