FDM Group's (FDM) "House Stock" Rating Reaffirmed at Shore Capital

Key Points

• FDM Group's stock received a "house stock" rating reissued by Shore Capital in a recent research note.
• The company’s shares have seen a significant drop of 32% in value, trading at GBX 132.60 ($1.77) with a market cap of £144.76 million.
• Recent insider trading included purchases and sales, with notable activity from insiders who currently own 17.79% of the stock.

Shore Capital restated their house stock rating on shares of FDM Group (LON:FDM - Free Report) in a research note published on Wednesday, MarketBeat.com reports.

FDM Group Trading Down 2.0%

LON:FDM traded down GBX 2.40 ($0.03) during midday trading on Wednesday, hitting GBX 119 ($1.58). The stock had a trading volume of 18,492,295 shares, compared to its average volume of 638,768. FDM Group has a one year low of GBX 117.60 ($1.56) and a one year high of GBX 449.50 ($5.97). The stock has a 50-day moving average of GBX 207.75 and a 200 day moving average of GBX 226.61. The company has a market capitalization of £129.91 million, a price-to-earnings ratio of 4.27 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75.

FDM Group (LON:FDM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. FDM Group had a return on equity of 42.26% and a net margin of 10.34%. As a group, sell-side analysts forecast that FDM Group will post 3132.5302111 EPS for the current year.

Insiders Place Their Bets

In other FDM Group news, insider Michael (Mike) McLaren acquired 226 shares of the stock in a transaction dated Friday, July 4th. The stock was purchased at an average price of GBX 220 ($2.92) per share, with a total value of £497.20 ($659.94). Also, insider Roderick (Rod) Flavell acquired 453 shares of the stock in a transaction dated Friday, July 4th. The stock was acquired at an average cost of GBX 220 ($2.92) per share, with a total value of £996.60 ($1,322.80). Over the last quarter, insiders bought 1,769 shares of company stock worth $399,136 and sold 40,514 shares worth $9,156,164. 17.79% of the stock is currently owned by corporate insiders.

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.