FDM Group (LON:FDM) Sets New 52-Week Low After Insider Selling

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price hit a new 52-week low during trading on Thursday following insider selling activity. The stock traded as low as GBX 208 ($2.81) and last traded at GBX 208 ($2.81), with a volume of 569997 shares changing hands. The stock had previously closed at GBX 226 ($3.06).

Specifically, insider Andrew (Andy) Brown sold 13,699 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.06), for a total value of £30,959.74 ($41,882.77). Also, insider Michael (Mike) McLaren sold 13,699 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.06), for a total transaction of £30,959.74 ($41,882.77). In other news, insider Sheila Flavell sold 13,116 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.06), for a total value of £29,642.16 ($40,100.32).

Analyst Ratings Changes

Separately, Shore Capital reissued a "house stock" rating on shares of FDM Group in a research report on Wednesday, March 19th.

FDM Group Stock Up 1.7%

The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24. The firm's 50-day moving average is GBX 230.07 and its 200 day moving average is GBX 256.22. The stock has a market cap of £230.90 million, a price-to-earnings ratio of 7.59 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX 23 ($0.31) EPS for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. Sell-side analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

FDM Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 5th will be given a dividend of GBX 12.50 ($0.17) per share. This represents a yield of 5%. The ex-dividend date is Thursday, June 5th. FDM Group's dividend payout ratio (DPR) is 104.05%.

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.