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

Key Points

• FDM Group's stock price plummeted by 36.3% to GBX 124.20 ($1.66), significantly lower than its previous close of GBX 195 ($2.60), with a trading volume surge of 1,612% from the average session.
• Despite the stock decline, Shore Capital reaffirmed a "house stock" rating for FDM Group in their recent report.
• Recent insider activity included sales of 13,699 shares each by insiders Michael McLaren and Andrew Brown, both at GBX 226 ($3.02), contributing to a total insider sale of over £9 million in the past ninety days.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) fell 36.3% during trading on Wednesday . The company traded as low as GBX 124.20 ($1.65) and last traded at GBX 124.20 ($1.65). 8,409,954 shares traded hands during 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 Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of FDM Group in a research note on Wednesday.

FDM Group Stock Performance

The stock's 50 day moving average price is GBX 207.75 and its 200 day moving average price is GBX 226.89. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75. The company has a market cap of £129.91 million, a price-to-earnings ratio of 4.27 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported GBX 6.30 ($0.08) 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 fiscal year.

Insider Activity at FDM Group

In related news, insider Andrew (Andy) Brown sold 13,699 shares of the 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 transaction of £30,959.74 ($41,093.36). Also, insider Roderick (Rod) Flavell bought 453 shares of the company's stock in a transaction that occurred on Friday, July 4th. The shares were acquired at an average cost of GBX 220 ($2.92) per share, with a total value of £996.60 ($1,322.80). In the last quarter, insiders purchased 1,769 shares of company stock worth $399,136 and sold 40,514 shares worth $9,156,164. 17.79% of the stock is currently owned by insiders.

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.