FDM Group (LON:FDM) Stock Price Down 36.3% - Time to Sell?

Key Points

• FDM Group's stock price plummeted by 36.3% during trading, closing at GBX 124.20 ($1.65), significantly lower than its previous closing price of GBX 195 ($2.59).
• On the financial metrics side, the company has a market capitalization of £132.20 million and reported EPS of GBX 6.30 ($0.08) for the last quarter with a return on equity of 42.26%.
• Insider transactions included a sale of over 40,514 shares by insiders within the last ninety days, suggesting significant movement in shareholder dynamics.

Shares of FDM Group (Holdings) plc (LON:FDM - Get Free Report) were 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). Approximately 8,409,954 shares traded hands during mid-day trading, an increase of 1,612% from the average daily volume of 491,205 shares. The stock had previously closed at GBX 195 ($2.59).

Analysts Set New Price Targets

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

FDM Group Price Performance

The firm has a market capitalization of £135.16 million, a PE ratio of 4.44 and a beta of 0.97. The business has a 50-day moving average of GBX 207.75 and a 200 day moving average of GBX 226.39. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75.

FDM Group (LON:FDM - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported GBX 6.30 ($0.08) EPS for the quarter. FDM Group had a return on equity of 42.26% and a net margin of 10.34%. As a group, research analysts anticipate that FDM Group will post 3132.5302111 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Roderick (Rod) Flavell purchased 453 shares of FDM Group stock in a transaction that occurred on Friday, July 4th. The shares were bought at an average cost of GBX 220 ($2.92) per share, with a total value of £996.60 ($1,323.33). Also, insider Michael (Mike) McLaren purchased 226 shares of FDM Group stock in a transaction that occurred on Friday, July 4th. The stock was purchased at an average cost of GBX 220 ($2.92) per share, for a total transaction of £497.20 ($660.20). Over the last ninety days, insiders have bought 1,769 shares of company stock worth $399,136 and have sold 40,514 shares worth $9,156,164. 17.79% of the stock is currently owned by insiders.

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.