FDM Group (LON:FDM) Hits New 1-Year Low - Here's What Happened

Key Points

• FDM Group has hit a new 52-week low, trading as low as GBX 117.60 ($1.55), with increased trading volume of nearly 18.5 million shares.
• Analysts at Shore Capital have reissued a "house stock" rating on FDM Group's shares, indicating ongoing interest despite recent performance.
• Insider transactions have been notable, with insiders purchasing a small number of shares while selling off significantly more during the last ninety days.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) hit a new 52-week low on Friday . The company traded as low as GBX 117.60 ($1.56) and last traded at GBX 119 ($1.58), with a volume of 18492295 shares trading hands. The stock had previously closed at GBX 121.40 ($1.61).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of FDM Group in a research note on Wednesday, July 30th.

FDM Group Stock Performance

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 stock has a 50 day simple moving average of GBX 205.60 and a two-hundred day simple moving average of GBX 225.43. The company has a market cap of £137.34 million, a PE ratio of 4.51 and a beta of 0.97.

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

Insider Buying and Selling

In related news, insider Roderick (Rod) Flavell purchased 453 shares of the business's stock in a transaction dated Friday, July 4th. The stock was acquired at an average price of GBX 220 ($2.92) per share, for a total transaction of £996.60 ($1,324.56). Also, insider Michael (Mike) McLaren purchased 226 shares of the business's stock in a transaction dated Friday, July 4th. The shares were bought at an average price of GBX 220 ($2.92) per share, with a total value of £497.20 ($660.82). Over the last three months, insiders have acquired 1,769 shares of company stock worth $399,136 and have sold 40,514 shares worth $9,156,164. 17.79% of the stock is currently owned by 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.