FDM Group (LON:FDM) Receives "House Stock" Rating from 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 reissued their house stock rating on shares of FDM Group (LON:FDM - Free Report) in a research note released on Wednesday, MarketBeat Ratings reports.

FDM Group Trading Down 2.0%

FDM stock traded down GBX 2.40 ($0.03) during midday trading on Wednesday, reaching GBX 119 ($1.58). 18,492,295 shares of the company's stock traded hands, compared to its average volume of 638,768. The company has a market capitalization of £129.91 million, a P/E ratio of 4.27 and a beta of 0.97. The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24. FDM Group has a fifty-two week low of GBX 117.60 ($1.56) and a fifty-two week high of GBX 449.50 ($5.97). The business has a 50-day moving average price of GBX 207.75 and a two-hundred day moving average price of GBX 226.89.

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

Insider Activity

In other news, insider Sheila Flavell sold 13,116 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.00), for a total transaction of £29,642.16 ($39,344.52). Also, insider Andrew (Andy) Brown sold 13,699 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 226 ($3.00), for a total transaction of £30,959.74 ($41,093.36). In the last three months, insiders acquired 1,769 shares of company stock valued at $399,136 and sold 40,514 shares valued at $9,156,164. Corporate insiders own 17.79% of the company's stock.

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.