News stories about FRP (NASDAQ:FRPH) have trended positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. FRP earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 45.473298553777 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Separately, BidaskClub raised FRP from a “hold” rating to a “buy” rating in a research note on Tuesday, January 30th.
FRPH stock traded up $0.45 during trading on Wednesday, reaching $56.20. The company had a trading volume of 42,900 shares, compared to its average volume of 19,783. The company has a current ratio of 1.26, a quick ratio of 0.76 and a debt-to-equity ratio of 0.43. FRP has a 12-month low of $36.83 and a 12-month high of $58.50.
FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).
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