FDM Group (LON:FDM) Shares 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 fell 36.3% on Wednesday . The company traded as low as GBX 124.20 ($1.65) and last traded at GBX 124.20 ($1.65). 8,409,954 shares traded hands 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 Upgrades and Downgrades

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

FDM Group Trading Down 2.0%

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 stock has a market capitalization of £129.91 million, a PE ratio of 4.27 and a beta of 0.97. The business's 50-day moving average is GBX 207.75 and its two-hundred day moving average is GBX 226.61.

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%. As a group, equities research analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current year.

Insiders Place Their Bets

In other FDM Group news, insider Michael (Mike) McLaren bought 226 shares of the business's stock in a transaction dated Friday, July 4th. The stock was acquired at an average cost of GBX 220 ($2.92) per share, with a total value of £497.20 ($659.94). Also, 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 value of £30,959.74 ($41,093.36). Over the last quarter, insiders purchased 1,769 shares of company stock worth $399,136 and sold 40,514 shares worth $9,156,164. 17.79% of the stock is owned by corporate 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.