FDM Group (LON:FDM) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

FDM Group (Holdings) plc (LON:FDM) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 129 and traded as low as GBX 102. FDM Group shares last traded at GBX 105.11, with a volume of 582,095 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have issued reports on FDM shares. Stifel Nicolaus lowered their target price on FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a report on Thursday, March 19th. Shore Capital Group reiterated a “house stock” rating on shares of FDM Group in a research report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on FDM Group from GBX 180 to GBX 160 and set a “buy” rating for the company in a research report on Thursday, March 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 145.

FDM Group Price Performance

The company has a debt-to-equity ratio of 38.18, a quick ratio of 2.24 and a current ratio of 2.48. The firm has a market cap of £117.65 million, a P/E ratio of 20.69 and a beta of 1.06. The company has a 50-day moving average of GBX 111.06 and a 200 day moving average of GBX 128.85.

FDM Group (LON:FDM) last posted its earnings results on Wednesday, March 18th. The company reported GBX 10 EPS for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. On average, sell-side analysts anticipate that FDM Group will post 3132.5302111 EPS for the current year.

Insider Activity at FDM Group

In related news, insider Roderick (Rod) Flavell bought 285,175 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was acquired at an average price of GBX 106 per share, for a total transaction of £302,285.50. Also, insider Michael (Mike) McLaren bought 43,105 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The shares were bought at an average price of GBX 116 per share, with a total value of £50,001.80. 17.75% of the stock is owned by company insiders.

FDM Group Company Profile

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, Europe, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its IT and business consultants to clients. The company was formerly known as Astra Topco Limited and changed its name to FDM Group (Holdings) plc. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.