FDM Group (LON:FDM) Trading Down 36.3% - Here's Why

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.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s stock price traded down 36.3% on Thursday . The company traded as low as GBX 124.20 ($1.65) and last traded at GBX 124.20 ($1.65). 8,409,954 shares changed hands during mid-day trading, an increase of 1,612% from the average session volume of 491,205 shares. The stock had previously closed at GBX 195 ($2.59).

Wall Street Analysts Forecast Growth

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

FDM Group Trading Down 2.0%

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 firm has a fifty day simple moving average of GBX 207.75 and a two-hundred day simple moving average of GBX 226.89. The firm has a market capitalization of £129.91 million, a P/E ratio of 4.27 and a beta of 0.97.

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

Insider Buying and Selling at FDM Group

In related news, insider Andrew (Andy) Brown sold 13,699 shares of FDM Group stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 226 ($3.00), for a total value of £30,959.74 ($41,093.36). Also, insider Michael (Mike) McLaren sold 13,699 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 226 ($3.00), for a total value of £30,959.74 ($41,093.36). 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 company 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.