FDM Group (LON:FDM) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• FDM Group shares moved above their 50-day moving average, reaching GBX 114.80 before closing at GBX 114 on trading volume of 1.14 million shares.
• Analyst sentiment remains positive but measured: the consensus rating is “Moderate Buy” with a GBX 142.50 target, despite Deutsche Bank lowering its target from GBX 160 to GBX 155.
• FDM reported quarterly EPS of GBX 3.80, while insiders bought 34,446 shares over the past 90 days; the stock trades at a relatively high P/E ratio of 49.57.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 110.90 and traded as high as GBX 114.80. FDM Group shares last traded at GBX 114, with a volume of 1,142,277 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FDM. Deutsche Bank Aktiengesellschaft reduced their price target on shares of FDM Group from GBX 160 to GBX 155 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Shore Capital Group restated a "house stock" rating on shares of FDM Group in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, FDM Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 142.50.

FDM Group Price Performance

The firm has a fifty day moving average of GBX 110.90 and a two-hundred day moving average of GBX 117.36. The company has a debt-to-equity ratio of 37.49, a current ratio of 2.23 and a quick ratio of 2.24. The stock has a market capitalization of £124.65 million, a P/E ratio of 49.57 and a beta of 1.11.

FDM Group (LON:FDM - Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The company reported GBX 3.80 earnings per share (EPS) for the quarter. FDM Group had a net margin of 1.57% and a return on equity of 4.84%. On average, analysts predict that FDM Group will post 3132.5302111 EPS for the current year.

Insider Transactions at FDM Group

In other news, insider Roderick (Rod) Flavell purchased 11,474 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were bought at an average cost of GBX 118 per share, for a total transaction of £13,539.32. Also, insider Andrew (Andy) Brown purchased 7,562 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of GBX 118 per share, with a total value of £8,923.16. Insiders purchased 34,446 shares of company stock worth $4,064,628 in the last ninety days. 17.84% of the stock is owned by company insiders.

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. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.

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