Key Points
- Major shareholder Financial Lp Hrt sold 146,713 Founder Group shares at an average price of $0.33, reducing its ownership by 78.01% to 41,361 shares.
- The shareholder also bought 76,711 shares at $0.27 on August 21 and 15,329 shares at $0.38 on August 19, indicating recent mixed trading activity.
- Founder Group opened at $0.28, near its 12-month low of $0.24, while its average analyst rating remains “Sell” and Weiss Ratings reiterated a “sell (e+)” recommendation.
Founder Group Limited (NASDAQ:FGL - Get Free Report) major shareholder Financial Lp Hrt bought 76,711 shares of the business's stock in a transaction on Friday, August 21st. The stock was bought at an average price of $0.27 per share, with a total value of $20,711.97. Following the transaction, the insider owned 118,072 shares in the company, valued at approximately $31,879.44. This represents a 185.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Thursday, August 20th, Financial Lp Hrt sold 146,713 shares of Founder Group stock. The shares were sold at an average price of $0.33, for a total transaction of $48,415.29.
- On Wednesday, August 19th, Financial Lp Hrt purchased 15,329 shares of Founder Group stock. The shares were bought at an average price of $0.38 per share, for a total transaction of $5,825.02.
Founder Group Stock Up 2.5%
NASDAQ FGL opened at $0.28 on Tuesday. Founder Group Limited has a 1-year low of $0.24 and a 1-year high of $143.00. The company has a quick ratio of 1.14, a current ratio of 1.15 and a debt-to-equity ratio of 0.59. The firm's fifty day simple moving average is $1.08 and its 200-day simple moving average is $3.50.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Founder Group in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".
Check Out Our Latest Research Report on Founder Group
About Founder Group
(
Get Free Report)
Founder Group is a diversified investment holding company originally established in 1986 by Peking University. The group traces its roots to one of China’s leading academic institutions and has since evolved into a state-owned enterprise focused on fostering innovation and technology commercialization. Leveraging its academic heritage, Founder Group has built a network of subsidiaries and affiliates across a range of high-growth industries.
The company’s main business activities span information technology and digital printing, including integrated circuit design, software development and advanced printing solutions.
Further Reading
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