FDM Group (LON:FDM) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

FDM Group (Holdings) plc (LON:FDMGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 120.47 and traded as low as GBX 117. FDM Group shares last traded at GBX 118, with a volume of 512,280 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 145.

Read Our Latest Stock Analysis on FDM

FDM Group Trading Up 0.7%

The firm has a market capitalization of £126.40 million, a PE ratio of 22.23 and a beta of 1.10. The company has a quick ratio of 2.24, a current ratio of 2.48 and a debt-to-equity ratio of 38.18. The company’s 50-day simple moving average is GBX 107.88 and its 200 day simple moving average is GBX 120.36.

Insider Activity

In other news, insider Michael (Mike) McLaren bought 7,562 shares of the stock in a transaction on Tuesday, June 2nd. The stock was bought at an average cost of GBX 118 per share, for a total transaction of £8,923.16. Also, insider Sheila Flavell bought 7,848 shares of the stock in a transaction on Tuesday, June 2nd. The stock was purchased at an average price of GBX 118 per share, with a total value of £9,260.64. Over the last three months, insiders purchased 34,446 shares of company stock worth $4,064,628. 17.84% of the stock is currently owned by insiders.

About FDM Group

(Get Free Report)

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.

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