FDM Group (LON:FDM) Shares Cross Above 50 Day Moving Average – What’s Next?

FDM Group (Holdings) plc (LON:FDM) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 112.02 and traded as high as GBX 112.76. FDM Group shares last traded at GBX 111, with a volume of 133,710 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FDM. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on FDM Group from GBX 160 to GBX 155 and set a “buy” rating for the company in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 142.50.

FDM Group Trading Down 0.9%

The firm’s 50-day simple moving average is GBX 112.16 and its 200 day simple moving average is GBX 115.42. The stock has a market cap of £120.28 million, a P/E ratio of 47.83 and a beta of 1.11. The company has a current ratio of 2.23, a quick ratio of 2.24 and a debt-to-equity ratio of 37.49.

FDM Group (LON:FDM) last released its quarterly earnings results on Monday, August 3rd. The company reported GBX 3.80 earnings per share for the quarter. FDM Group had a return on equity of 4.84% and a net margin of 1.57%. As a group, equities research analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Roderick (Rod) Flavell acquired 11,474 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were acquired at an average cost of GBX 118 per share, for a total transaction of £13,539.32. Also, insider Sheila Flavell acquired 7,848 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of GBX 118 per share, for a total transaction of £9,260.64. Over the last quarter, insiders have purchased 34,446 shares of company stock worth $4,064,628. Insiders own 17.84% of the company’s stock.

About FDM Group

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.