FRP (NASDAQ:FRPH) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

FRP Holdings, Inc. (NASDAQ:FRPH) crossed 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 traded.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded FRP from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of FRP in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

FRP Trading Down 1.5%

The stock has a market capitalization of $453.56 million, a P/E ratio of 591.65 and a beta of 0.51. The stock’s fifty day moving average price is $23.69 and its two-hundred day moving average price is $23.14.

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

Institutional Trading of FRP

Several institutional investors have recently added to or reduced their stakes in FRPH. Goldman Sachs Group Inc. grew its stake in shares of FRP by 59.6% during the first quarter. Goldman Sachs Group Inc. now owns 120,192 shares of the financial services provider’s stock valued at $3,434,000 after buying an additional 44,874 shares during the last quarter. Strs Ohio bought a new stake in shares of FRP in the 1st quarter valued at about $74,000. Legal & General Group Plc boosted its holdings in FRP by 4.6% during the 2nd quarter. Legal & General Group Plc now owns 11,715 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 510 shares during the period. Franklin Resources Inc. boosted its holdings in FRP by 27.2% during the 2nd quarter. Franklin Resources Inc. now owns 9,499 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 2,034 shares during the period. Finally, Rhumbline Advisers boosted its holdings in FRP by 21.4% during the 2nd quarter. Rhumbline Advisers now owns 23,338 shares of the financial services provider’s stock valued at $628,000 after acquiring an additional 4,117 shares during the period. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

About FRP

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.