FDM Group (LON:FDM) Shares Down 36.3% - What's Next?

Key Points

• Shares of FDM Group plummeted 36.3% on Thursday, trading at GBX 124.20 ($1.65), after previously closing at GBX 195 ($2.59).
• The company's market cap is currently £132.20 million, and it has a PE ratio of 4.34.
• Insider transactions include the purchase of 226 shares by Michael McLaren and the sale of 13,699 shares by Andrew Brown, with insiders owning 17.79% of the stock.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price traded down 36.3% during trading on Thursday . The stock 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).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "house stock" rating on shares of FDM Group in a research report on Wednesday, July 30th.

FDM Group Stock Up 4.0%

The firm has a market cap of £135.16 million, a P/E ratio of 4.44 and a beta of 0.97. 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 firm has a fifty day moving average of GBX 207.75 and a 200-day moving average of GBX 226.39.

FDM Group (LON:FDM - Get Free Report) last issued its quarterly earnings results 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%. On average, 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 Roderick (Rod) Flavell purchased 453 shares of the company's stock in a transaction that occurred on Friday, July 4th. The shares were acquired at an average price of GBX 220 ($2.92) per share, with a total value of £996.60 ($1,323.33). Also, insider Andrew (Andy) Brown sold 13,699 shares of FDM Group 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 ($41,109.73). In the last 90 days, insiders have bought 1,769 shares of company stock valued at $399,136 and have sold 40,514 shares valued at $9,156,164. Company 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.