FDM Group (LON:FDM) Trading Down 36.3% - Should You Sell?

Key Points

• FDM Group's stock price plummeted by 36.3%, closing at GBX 124.20 ($1.65), with trading volume increasing by 1,612% compared to its average session.
• Despite the recent drop in stock price, Shore Capital has maintained a "house stock" rating on FDM Group shares, indicating potential confidence in the company's future.
• Insider trading activity reveals a mixed sentiment, as insiders have purchased 1,769 shares totaling $399,136 while selling 40,514 shares valued at over $9 million.

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

Analyst Ratings Changes

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

FDM Group Stock Down 2.0%

The business's 50 day moving average is GBX 207.75 and its 200 day moving average is GBX 226.89. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75. The company has a market cap of £129.91 million, a P/E ratio of 4.27 and a beta of 0.97.

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

Insider Buying and Selling

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