FDM Group (LON:FDM) Stock Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• FDM Group shares rose above their 50-day moving average of GBX 110.10, reaching GBX 115.20 before closing at GBX 113.80 on trading volume of 392,904 shares.
• Analyst sentiment remains positive, with the stock carrying a consensus rating of “Moderate Buy” and an average price target of GBX 142.50. Deutsche Bank lowered its target from GBX 160 to GBX 155 while retaining a “buy” rating.
• Insiders have been buying shares, with purchases totaling 34,446 shares over the past 90 days; insiders own 17.84% of the company. FDM reported quarterly EPS of GBX 3.80, alongside a 1.57% net margin and 4.84% return on equity.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 110.10 and traded as high as GBX 115.20. FDM Group shares last traded at GBX 113.80, with a volume of 392,904 shares.

Analysts Set New Price Targets

FDM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of FDM Group from GBX 160 to GBX 155 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Shore Capital Group restated a "house stock" rating on shares of FDM Group in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 142.50.

FDM Group Price Performance

The company has a debt-to-equity ratio of 37.49, a current ratio of 2.23 and a quick ratio of 2.24. The business's fifty day moving average price is GBX 110.10 and its 200-day moving average price is GBX 118.91. The stock has a market capitalization of £124.43 million, a price-to-earnings ratio of 49.48 and a beta of 1.10.

FDM Group (LON:FDM - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported GBX 3.80 EPS for the quarter. FDM Group had a net margin of 1.57% and a return on equity of 4.84%. On average, research analysts forecast that FDM Group will post 3132.5302111 EPS for the current year.

Insider Activity

In other FDM Group news, insider Sheila Flavell purchased 7,848 shares of FDM Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of GBX 118 per share, for a total transaction of £9,260.64. Also, insider Andrew (Andy) Brown purchased 7,562 shares of the stock in a transaction on Tuesday, June 2nd. The shares were acquired at an average cost of GBX 118 per share, with a total value of £8,923.16. In the last ninety days, insiders have purchased 34,446 shares of company stock valued at $4,064,628. Company insiders own 17.84% of the company's stock.

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. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source