FDM Group (LON:FDM) Hits New 12-Month Low - Should You 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)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 117 ($1.58) and last traded at GBX 126.40 ($1.70), with a volume of 2110146 shares traded. The stock had previously closed at GBX 119.60 ($1.61).

Wall Street Analysts Forecast Growth

FDM has been the subject of a number of recent research reports. 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 research report on Thursday, August 7th. Shore Capital reiterated a "house stock" rating on shares of FDM Group in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 145.

FDM Group Stock Up 5.7%

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 market cap of £138.01 million, a PE ratio of 896.45 and a beta of 0.97. The stock has a fifty day simple moving average of GBX 143.97 and a two-hundred day simple moving average of GBX 198.87.

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

Insider Activity at FDM Group

In other FDM Group news, insider Sheila Flavell acquired 801 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average price of GBX 125 per share, with a total value of £1,001.25. Also, insider Roderick (Rod) Flavell purchased 453 shares of the company's stock in a transaction dated Friday, July 4th. The shares were acquired at an average price of GBX 220 per share, with a total value of £996.60. Over the last quarter, insiders acquired 3,069 shares of company stock valued at $449,319. Company insiders own 17.76% of the company's stock.

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.