Key Points
- Major shareholder Financial Lp Hrt purchased 93,151 Founder Group shares at an average price of $0.17, increasing its position by 35.51% to 355,503 shares. The purchase was disclosed in an SEC filing.
- Founder Group shares opened at $0.15 after a 13.8% decline, near the company’s 12-month low of $0.12. A 1-for-100 reverse stock split is scheduled to take effect before trading on September 1.
- Weiss Ratings reiterated a “sell (e+)” rating, and the company has a consensus analyst rating of Sell.
Founder Group Limited (NASDAQ:FGL - Get Free Report) major shareholder Financial Lp Hrt bought 93,151 shares of Founder Group stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of $0.17 per share, with a total value of $15,835.67. Following the completion of the acquisition, the insider directly owned 355,503 shares in the company, valued at approximately $60,435.51. The trade was a 35.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Wednesday, August 26th, Financial Lp Hrt sold 15,788 shares of Founder Group stock. The shares were sold at an average price of $0.22, for a total value of $3,473.36.
- On Thursday, August 20th, Financial Lp Hrt sold 146,713 shares of Founder Group stock. The stock was sold at an average price of $0.33, for a total value of $48,415.29.
- On Friday, August 21st, Financial Lp Hrt purchased 76,711 shares of Founder Group stock. The shares were purchased at an average cost of $0.27 per share, for a total transaction of $20,711.97.
- On Wednesday, August 19th, Financial Lp Hrt purchased 15,329 shares of Founder Group stock. The shares were purchased at an average cost of $0.38 per share, for a total transaction of $5,825.02.
Founder Group Trading Down 13.8%
Shares of NASDAQ FGL opened at $0.15 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.59. Founder Group Limited has a twelve month low of $0.12 and a twelve month high of $140.00. The stock has a 50 day moving average of $0.96 and a two-hundred day moving average of $3.22.
Founder Group's stock is going to reverse split before the market opens on Tuesday, September 1st. The 1-100 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, August 31st.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, Founder Group presently has a consensus rating of "Sell".
View Our Latest Stock Analysis on FGL
Founder Group Company Profile
(
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.
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