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

FDM Group (Holdings) plc (LON:FDM)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 107.32 and traded as high as GBX 117. FDM Group shares last traded at GBX 111.59, with a volume of 404,963 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FDM. Stifel Nicolaus lowered their target price on FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a report on Thursday, March 19th. Shore Capital Group reiterated a “house stock” rating on shares of FDM Group in a report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on FDM Group from GBX 180 to GBX 160 and set a “buy” rating on the stock in a report on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 145.

FDM Group Stock Up 1.2%

The firm has a fifty day moving average price of GBX 107.32 and a 200-day moving average price of GBX 128.11. 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 firm has a market cap of £125.74 million, a price-to-earnings ratio of 22.12 and a beta of 1.06.

FDM Group (LON:FDM) last posted its quarterly earnings data on Wednesday, March 18th. The company reported GBX 10 earnings per share (EPS) for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. As a group, sell-side analysts forecast that FDM Group will post 3132.5302111 EPS for the current year.

Insider Buying and Selling at FDM Group

In other FDM Group news, insider Michael (Mike) McLaren acquired 43,105 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were acquired at an average price of GBX 116 per share, for a total transaction of £50,001.80. Also, insider Roderick (Rod) Flavell acquired 285,175 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were acquired at an average price of GBX 106 per share, for a total transaction of £302,285.50. 17.75% of the stock is owned by company insiders.

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.