FDM Group (LON:FDM) Shares Down 7.3% - Time to Sell?

Key Points

• FDM Group's shares dropped 7.3%, trading as low as GBX 125 ($1.67), marking a significant decrease from its previous closing at GBX 140 ($1.87).
• Analysts at Deutsche Bank revised their price target for FDM Group from GBX 275 to GBX 145 and maintained a "hold" rating for the company.
• Insiders of FDM Group, including Sheila Flavell and Michael McLaren, purchased shares at GBX 125, indicating confidence in the company's stock despite recent declines.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price fell 7.3% during mid-day trading on Thursday . The stock traded as low as GBX 125 ($1.67) and last traded at GBX 129.74 ($1.73). 969,092 shares traded hands during mid-day trading, an increase of 68% from the average session volume of 578,396 shares. The stock had previously closed at GBX 140 ($1.87).

Wall Street Analyst Weigh In

Several brokerages recently commented on FDM. Deutsche Bank Aktiengesellschaft lowered their price target on FDM Group from GBX 275 to GBX 145 and set a "hold" rating for the company in a research note on Thursday, August 7th. Shore Capital reissued a "house stock" rating on shares of FDM Group in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, FDM Group currently has an average rating of "Hold" and an average target price of GBX 145.

FDM Group Trading Down 7.3%

The company has a market capitalization of £141.66 million, a P/E ratio of 9.20 and a beta of 0.97. The company has a 50-day simple moving average of GBX 129.82 and a 200 day simple moving average of GBX 181.40. The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31.

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

Insiders Place Their Bets

In other FDM Group news, insider Sheila Flavell acquired 801 shares of FDM Group stock in a transaction on Thursday, September 4th. The shares were bought at an average price of GBX 125 per share, with a total value of £1,001.25. Also, insider Michael (Mike) McLaren bought 400 shares of the company's stock in a transaction dated Thursday, September 4th. The shares were purchased at an average price of GBX 125 per share, with a total value of £500. In the last three months, insiders acquired 2,390 shares of company stock worth $299,939. Insiders own 17.77% 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.

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