FDM Group (LON:FDM) Stock Crosses Above Fifty Day Moving Average – What’s Next?

FDM Group (Holdings) plc (LON:FDM) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 129.71 ($1.73) and traded as high as GBX 142 ($1.90). FDM Group shares last traded at GBX 141.60 ($1.89), with a volume of 418,865 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on FDM. Shore Capital reiterated a “house stock” rating on shares of FDM Group in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of FDM Group from GBX 275 to GBX 145 and set a “hold” rating on the stock in a research report on Thursday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 145.

FDM Group Stock Down 7.0%

The stock has a market capitalization of £142.15 million, a P/E ratio of 9.23 and a beta of 0.97. The company’s 50-day moving average price is GBX 129.71 and its 200 day moving average price is GBX 182.11. The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31.

FDM Group (LON:FDM) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 6.30 EPS for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. As a group, equities analysts expect that FDM Group will post 3132.5302111 earnings per share for the current year.

Insider Buying and Selling at FDM Group

In related news, insider Michael (Mike) McLaren bought 400 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average cost of GBX 125 per share, with a total value of £500. Also, insider Sheila Flavell bought 801 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were bought at an average cost of GBX 125 per share, with a total value of £1,001.25. Insiders have bought a total of 2,390 shares of company stock worth $299,939 over the last 90 days. Insiders own 17.77% of the company’s stock.

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.