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

Shares of Firstgroup PLC Unsponsored ADR (OTCMKTS:FGROY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $2.11, but opened at $2.44. Firstgroup shares last traded at $2.44, with a volume of 5,000 shares trading hands.

Firstgroup Trading Up 6.8%

The firm has a 50 day simple moving average of $2.22 and a 200 day simple moving average of $2.34. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.71 and a current ratio of 0.73.

Firstgroup Company Profile

(Get Free Report)

FirstGroup plc is a transport operator headquartered in Aberdeen, Scotland, providing bus, coach and rail services across the United Kingdom and North America. The company’s core businesses comprise First Bus, which operates local and regional bus networks in urban and rural communities; First Rail, which holds and operates rail franchises on the UK network; and First Transit, a subsidiary offering outsourced transit management services to public agencies and institutions.

Since its formation in 1986 following the privatization of British Rail, FirstGroup has grown through organic bidding for UK rail and bus contracts and strategic acquisitions overseas.

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