Financial Lp Hrt Purchases 76,711 Shares of Founder Group (NASDAQ:FGL) Stock

Founder Group Limited (NASDAQ:FGL) major shareholder Financial Lp Hrt purchased 76,711 shares of the stock in a transaction dated Friday, August 21st. The shares were acquired 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 $31,879.44. This trade represents a 185.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares 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 stock was sold at an average price of $0.33, for a total transaction of $48,415.29.
• On Wednesday, August 19th, Financial Lp Hrt acquired 15,329 shares of Founder Group stock. The stock was acquired at an average price of $0.38 per share, for a total transaction of $5,825.02.

Founder Group Stock Down 23.8%

Shares of FGL stock opened at $0.21 on Wednesday. Founder Group Limited has a 52-week low of $0.12 and a 52-week 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 50 day moving average price is $1.05 and its two-hundred day moving average price is $3.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Founder Group in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Founder Group

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.