FDM Group (LON:FDM) Shares Down 36.3% - Here's What Happened

Key Points

• FDM Group shares experienced a significant drop of 36.3%, trading as low as GBX 124.20 ($1.65) after closing previously at GBX 195 ($2.59).
• Despite the drop in stock price, Shore Capital reaffirmed a "house stock" rating for FDM Group, indicating potential for recovery.
• Insiders have been active, with one selling 13,699 shares valued at £30,959.74 and another purchasing 453 shares, highlighting mixed sentiment within the company.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s stock price was down 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). Approximately 8,409,954 shares changed hands during 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).

Analyst Upgrades and Downgrades

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

FDM Group Stock Up 4.0%

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

FDM Group (LON:FDM - Get Free Report) last announced 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, equities analysts anticipate that FDM Group will post 3132.5302111 EPS for the current year.

Insider Activity at FDM Group

In other news, insider Michael (Mike) McLaren sold 13,699 shares of the business's stock in a transaction 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 ($41,109.73). Also, insider Andrew (Andy) Brown sold 13,699 shares of FDM Group stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of GBX 226 ($3.00), for a total value of £30,959.74 ($41,109.73). Over the last quarter, insiders have acquired 1,769 shares of company stock valued at $399,136 and have sold 40,514 shares valued at $9,156,164. 17.79% of the stock is currently owned by corporate 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.