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

Key Points

• FDM Group's stock crossed above its 50-day moving average of GBX 128.30, reaching a trading high of GBX 139.60 with a last price of GBX 137.
• Analysts have given the stock a consensus rating of "Hold" with a revised price target of GBX 145 from Deutsche Bank, down from GBX 275.
• Company insiders have recently bought shares at an average price of GBX 125, indicating confidence in the stock as they own 17.77% of the company.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 128.30 ($1.71) and traded as high as GBX 139.60 ($1.86). FDM Group shares last traded at GBX 137 ($1.82), with a volume of 458,656 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FDM. Shore Capital reissued a "house stock" rating on shares of FDM Group in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of FDM Group from GBX 275 to GBX 145 and set a "hold" rating on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 145.

FDM Group Stock Down 1.0%

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 business's 50 day simple moving average is GBX 128.30 and its 200 day simple moving average is GBX 186.34. The company has a market capitalization of £148.05 million, a PE ratio of 961.70 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported GBX 6.30 EPS for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. As a group, analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insider Transactions at FDM Group

In other news, insider Michael (Mike) McLaren purchased 400 shares of the firm's stock in a transaction that occurred on Thursday, September 4th. The stock was bought at an average price of GBX 125 per share, for a total transaction of £500. Also, insider Sheila Flavell acquired 801 shares of FDM Group stock in a transaction dated Thursday, September 4th. The shares were bought at an average price of GBX 125 per share, with a total value of £1,001.25. Over the last quarter, insiders have acquired 2,390 shares of company stock valued at $299,939. Company 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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