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

FDM Group logo with Computer and Technology background

Key Points

  • FDM Group's stock price fell by 36.3% to GBX 124.20 ($1.65) on Wednesday, with trading volume significantly increasing to over 8.4 million shares.
  • Despite the decline, analysts at Shore Capital maintained a "house stock" rating on FDM Group shares.
  • Insider trades show considerable selling activity, with insiders selling around 40,514 shares valued at over £9 million in the last quarter.
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FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price fell 36.3% during trading on Wednesday . The stock 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 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 reiterated a "house stock" rating on shares of FDM Group in a research report on Wednesday.

Read Our Latest Analysis on FDM

FDM Group Stock Performance

The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The stock's 50-day moving average is GBX 207.75 and its 200 day moving average is GBX 226.61. The firm has a market cap 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 released 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, research analysts predict that FDM Group will post 3132.5302111 earnings per share for the current year.

Insider Activity

In related news, insider Sheila Flavell sold 13,116 shares of the company'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 value of £29,642.16 ($39,344.52). Also, insider Roderick (Rod) Flavell bought 453 shares of the stock in a transaction on Friday, July 4th. The shares were purchased at an average price of GBX 220 ($2.92) per share, with a total value of £996.60 ($1,322.80). In the last 90 days, insiders have acquired 1,769 shares of company stock worth $399,136 and have sold 40,514 shares worth $9,156,164. Corporate insiders own 17.79% of the company's stock.

FDM Group Company Profile

(Get Free Report)

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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