FDM Group (LON:FDM) Share Price Passes Below 200 Day Moving Average – Here’s Why

FDM Group (Holdings) plc (LON:FDMGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 122.35 and traded as low as GBX 103.60. FDM Group shares last traded at GBX 105, with a volume of 185,501 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of FDM Group from GBX 180 to GBX 160 and set a “buy” rating on the stock in a report on Thursday, March 19th. Stifel Nicolaus decreased their target price on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a research report on Thursday, March 19th. Finally, Shore Capital Group restated a “house stock” rating on shares of FDM Group in a report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, FDM Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 145.

Get Our Latest Analysis on FDM

FDM Group Stock Down 1.5%

The company has a market cap of £114.81 million, a P/E ratio of 20.19 and a beta of 1.10. The company has a debt-to-equity ratio of 38.18, a current ratio of 2.48 and a quick ratio of 2.24. The stock has a fifty day moving average price of GBX 107.07 and a two-hundred day moving average price of GBX 122.35.

Insider Buying and Selling

In related news, insider Sheila Flavell acquired 7,848 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average cost of GBX 118 per share, for a total transaction of £9,260.64. Also, insider Michael (Mike) McLaren acquired 7,562 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of GBX 118 per share, for a total transaction of £8,923.16. Over the last quarter, insiders acquired 362,726 shares of company stock valued at $39,293,358. 17.78% of the stock is owned by corporate 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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