Founder Group (NASDAQ:FGL) Releases Quarterly Earnings Results

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

Founder Group Stock Up 2.8%

Founder Group stock traded up $0.03 during trading hours on Thursday, reaching $1.18. 117,438 shares of the stock were exchanged, compared to its average volume of 143,832. Founder Group has a 52-week low of $0.90 and a 52-week high of $4,889.00. The firm’s 50 day moving average is $4.04 and its 200 day moving average is $289.22.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FGL shares. Wall Street Zen raised shares of Founder Group to a “hold” rating in a research report on Saturday, September 5th. Weiss Ratings restated a “sell (e+)” rating on shares of Founder Group in a research report on Monday, August 3rd. One investment 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 other news, major shareholder Financial Lp Hrt sold 395,774 shares of Founder Group stock in a transaction dated 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 owned 66,805 shares of the company’s stock, valued at $10,020.75. The trade was a 85.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have bought 108,927 shares of company stock valued at $59,482 and have sold 397,398 shares valued at $111,231. 0.60% of the stock is currently owned by insiders.

About Founder Group

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.