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FDM Group (LON:FDM) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

FDM Group logo with Computer and Technology background

Shares of FDM Group (Holdings) plc (LON:FDM - Get Free Report) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 236.33 ($3.20) and traded as high as GBX 247.37 ($3.35). FDM Group shares last traded at GBX 232 ($3.14), with a volume of 1,665,270 shares.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a "house stock" rating on shares of FDM Group in a report on Wednesday, March 19th.

View Our Latest Research Report on FDM Group

FDM Group Stock Performance

The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24. The firm has a market cap of £252.80 million, a price-to-earnings ratio of 8.31 and a beta of 0.97. The firm has a fifty day simple moving average of GBX 237.08 and a two-hundred day simple moving average of GBX 262.78.

FDM Group (LON:FDM - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported GBX 23 ($0.31) EPS for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. On average, analysts expect that FDM Group will post 3132.5302111 EPS for the current year.

FDM Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be issued a GBX 12.50 ($0.17) dividend. The ex-dividend date is Thursday, June 5th. This represents a dividend yield of 5%. FDM Group's dividend payout ratio is currently 104.05%.

Insider Transactions at FDM Group

In other news, insider Bruce Lee bought 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was purchased at an average price of GBX 222 ($3.00) per share, with a total value of £17,760 ($24,032.48). Also, insider Michael (Mike) McLaren bought 225 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of GBX 221 ($2.99) per share, for a total transaction of £497.25 ($672.87). Over the last ninety days, insiders purchased 9,081 shares of company stock worth $2,025,600. Company insiders own 17.79% of the company's stock.

About FDM Group

(Get Free Report)

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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