Founder Group (NASDAQ:FGL) Releases Earnings Results

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

Founder Group Stock Performance

NASDAQ:FGL traded down $0.30 during trading hours on Tuesday, reaching $1.09. The company’s stock had a trading volume of 564,954 shares, compared to its average volume of 139,577. The stock has a 50 day moving average price of $4.64 and a two-hundred day moving average price of $304.27. Founder Group has a 12 month low of $0.90 and a 12 month high of $4,889.00.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Founder Group in a report on Monday, August 3rd. Wall Street Zen upgraded Founder Group to a “hold” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Founder Group presently has an average rating of “Sell”.

Insiders Place Their Bets

In other Founder Group news, major shareholder Financial Lp Hrt sold 395,774 shares of Founder Group stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $0.15, for a total transaction of $59,366.10. Following the completion of the transaction, the insider owned 66,805 shares in the company, valued at approximately $10,020.75. This trade represents a 85.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders bought 108,927 shares of company stock worth $59,482 and sold 397,398 shares worth $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.