FDM Group (LON:FDM) Sets New 52-Week Low - Time to Sell?

Key Points

• FDM Group reached a new 52-week low, trading as low as GBX 117 ($1.59), with a last trade of GBX 126.40 ($1.71).
• Deutsche Bank lowered its price objective for FDM shares from GBX 275 to GBX 145 and maintained a "hold" rating.
• Recent insider activity includes purchases by Michael McLaren and Sheila Flavell, totaling over 1,200 shares acquired at GBX 125 each.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as GBX 117 ($1.58) and last traded at GBX 126.40 ($1.71), with a volume of 2110146 shares trading hands. The stock had previously closed at GBX 119.60 ($1.62).

Wall Street Analyst Weigh In

Several analysts have commented on the company. Shore Capital restated a "house stock" rating on shares of FDM Group in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their target price on FDM Group from GBX 275 to GBX 145 and set a "hold" rating for the company in a report on Thursday, August 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 145.

FDM Group Stock Down 0.3%

The stock has a market capitalization of £137.64 million, a price-to-earnings ratio of 894.09 and a beta of 0.97. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75. The firm has a 50-day moving average of GBX 142.37 and a 200 day moving average of GBX 197.99.

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

Insider Activity

In other news, insider Michael (Mike) McLaren purchased 400 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The shares were acquired at an average cost of GBX 125 per share, with a total value of £500. Also, insider Roderick (Rod) Flavell purchased 453 shares of the company's stock in a transaction that occurred on Friday, July 4th. The shares were purchased at an average cost of GBX 220 per share, for a total transaction of £996.60. In the last three months, insiders acquired 3,069 shares of company stock worth $449,319. 17.76% 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.