FDM Group (LON:FDM) Stock Price Down 36.3% - Here's Why

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.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) was down 36.3% during mid-day 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 mid-day 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).

Wall Street Analysts Forecast Growth

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

FDM Group Stock Performance

The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The firm's 50-day moving average price is GBX 207.75 and its two-hundred day moving average price is GBX 226.89. The firm has a market capitalization of £129.91 million, a price-to-earnings ratio of 4.27 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last issued its 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%. Sell-side analysts predict that FDM Group will post 3132.5302111 earnings per share for the current year.

Insider Buying and Selling at FDM Group

In other news, insider Andrew (Andy) Brown sold 13,699 shares of the firm's stock in a transaction that occurred 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 the company's stock in a transaction dated Friday, July 4th. The shares were purchased at an average cost of GBX 220 ($2.92) per share, with a total value of £996.60 ($1,322.80). In the last 90 days, insiders have acquired 1,769 shares of company stock valued at $399,136 and have sold 40,514 shares valued at $9,156,164. Corporate insiders own 17.79% 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.