Founder Group (NASDAQ:FGL) Posts Earnings Results

Founder Group (NASDAQ:FGL) issued its quarterly earnings results on Tuesday. The company reported $0.01 earnings per share for the quarter, reports. The business had revenue of $10.16 million for the quarter.

Founder Group Stock Down 4.9%

Shares of FGL traded down $0.05 during mid-day trading on Wednesday, reaching $1.01. 75,400 shares of the stock traded hands, compared to its average volume of 140,080. The firm has a fifty day moving average price of $4.36 and a 200 day moving average price of $297.19. Founder Group has a 1 year low of $0.90 and a 1 year high of $4,889.00.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research report on Saturday, September 5th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Founder Group presently has a consensus rating of “Sell”.

Insider Buying and Selling at Founder Group

In related news, major shareholder Financial Lp Hrt sold 395,774 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $0.15, for a total value of $59,366.10. Following the sale, the insider directly owned 66,805 shares of the company’s stock, valued at $10,020.75. This trade represents a 85.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last 90 days, insiders bought 108,927 shares of company stock valued at $59,482 and sold 397,398 shares valued at $111,231.

Founder Group Company Profile

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities principally in Malaysia. The company’s primary focus is large-scale solar projects and commercial and industrial solar projects. Founder Group Limited is based in KUALA LUMPUR, Malaysia.