FDM Group (LON:FDM) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of FDM Group (Holdings) plc (LON:FDM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 113.72 and traded as low as GBX 104.60. FDM Group shares last traded at GBX 104.60, with a volume of 385,570 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of FDM Group from GBX 160 to GBX 155 and set a “buy” rating for the company in a report on Tuesday, August 4th. Shore Capital Group restated a “house stock” rating on shares of FDM Group in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 142.50.

FDM Group Stock Performance

The company has a market cap of £114.37 million, a price-to-earnings ratio of 45.48 and a beta of 1.11. The company has a debt-to-equity ratio of 37.49, a current ratio of 2.23 and a quick ratio of 2.24. The firm has a fifty day simple moving average of GBX 112.84 and a 200 day simple moving average of GBX 113.72.

FDM Group (LON:FDM) last issued its quarterly earnings data on Monday, August 3rd. The company reported GBX 3.80 earnings per share for the quarter. FDM Group had a net margin of 1.57% and a return on equity of 4.84%. On average, sell-side analysts expect that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

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.