FDM Group (LON:FDM) Shares Down 36.3% - Here's What Happened

Key Points

• FDM Group's shares experienced a dramatic decline of 36.3%, trading at GBX 124.20 ($1.65) during mid-day on Wednesday.
• The company's market capitalization is approximately £135.59 million and it reported a PE ratio of 4.46, with analysts predicting earnings per share of 3,132.53 for the current year.
• Insiders have sold a total of 40,514 shares worth over £9 million in the last 90 days, amid ongoing changes in the investor landscape.

Shares of FDM Group (Holdings) plc (LON:FDM - Get Free Report) were down 36.3% during trading on Wednesday . The stock traded as low as GBX 124.20 ($1.65) and last traded at GBX 124.20 ($1.65). Approximately 8,409,954 shares traded hands during trading, an increase of 1,612% from the average daily volume of 491,205 shares. The stock had previously closed at GBX 195 ($2.59).

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a "house stock" rating on shares of FDM Group in a research report on Wednesday.

FDM Group Stock Down 2.0%

The firm has a 50-day simple moving average of GBX 207.75 and a 200 day simple moving average of GBX 226.61. 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 company has a market capitalization of £129.91 million, a PE ratio of 4.27 and a beta of 0.97.

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

Insider Activity at FDM Group

In other FDM Group news, insider Andrew (Andy) Brown sold 13,699 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.00), for a total transaction of £30,959.74 ($41,093.36). Also, insider Roderick (Rod) Flavell acquired 453 shares of FDM Group stock in a transaction on Friday, July 4th. The shares were bought at an average price of GBX 220 ($2.92) per share, for a total transaction of £996.60 ($1,322.80). Over the last quarter, insiders have bought 1,769 shares of company stock valued at $399,136 and have sold 40,514 shares valued at $9,156,164. 17.79% of the stock is owned by 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.