FRP (NASDAQ:FRPH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

FRP Holdings, Inc. (NASDAQ:FRPH)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.14 and traded as high as $24.03. FRP shares last traded at $23.66, with a volume of 88,785 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on FRPH. Wall Street Zen raised FRP from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FRP in a research note on Tuesday, July 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

FRP Stock Performance

The firm’s 50-day simple moving average is $23.71 and its 200 day simple moving average is $23.14. The company has a market cap of $453.37 million, a P/E ratio of 591.40 and a beta of 0.51.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Tuesday, May 12th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter. FRP had a return on equity of 0.29% and a net margin of 2.16%.The company had revenue of $10.59 million during the quarter.

Hedge Funds Weigh In On FRP

Institutional investors have recently modified their holdings of the stock. UBS Group AG raised its position in shares of FRP by 2,000.4% in the 4th quarter. UBS Group AG now owns 143,499 shares of the financial services provider’s stock valued at $3,270,000 after acquiring an additional 136,667 shares during the period. Strs Ohio acquired a new position in FRP during the first quarter valued at approximately $74,000. BNP Paribas Financial Markets grew its holdings in FRP by 30.0% during the second quarter. BNP Paribas Financial Markets now owns 2,214 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 511 shares during the period. Focus Partners Wealth bought a new stake in FRP in the third quarter valued at approximately $42,000. Finally, Russell Investments Group Ltd. increased its stake in FRP by 42.5% in the fourth quarter. Russell Investments Group Ltd. now owns 1,622 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 484 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

FRP Company Profile

FRP Holdings, Inc (NASDAQ: FRPH) is an industrial services holding company that provides asset integrity and life-extension solutions to heavy-industry clients. Through its operating subsidiaries, FRP offers a broad suite of non-destructive testing (NDT), inspection services, mechanical maintenance, protective coatings, thermal spray and surface-preparation services. These offerings help clients maintain and extend the service life of critical equipment and infrastructure across multiple sectors.

The company’s core activities include ultrasonic, radiographic and magnetic-particle testing, site-based inspections, welding and fabrication support, and specialized coating applications designed to withstand extreme environments.