FDM Group (LON:FDM) Shares Pass Above 50-Day Moving Average – Here’s Why

FDM Group (Holdings) plc (LON:FDM) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 134.42 and traded as high as GBX 138.20. FDM Group shares last traded at GBX 135.78, with a volume of 157,474 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of FDM Group in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 145.

FDM Group Stock Performance

The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75. The firm has a market cap of £149.40 million, a P/E ratio of 9.69 and a beta of 0.97. The business has a fifty day simple moving average of GBX 134.67 and a 200-day simple moving average of GBX 141.57.

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.