FDM Group (LON:FDM) Share Price Passes Below 200-Day Moving Average - Here's What Happened

FDM Group (Holdings) plc (LON:FDM - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 292.77 ($3.88) and traded as low as GBX 220 ($2.92). FDM Group shares last traded at GBX 226.50 ($3.00), with a volume of 138,467 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of FDM Group in a research report on Wednesday, March 19th.

FDM Group Stock Performance

The company's fifty day simple moving average is GBX 233.35 and its two-hundred day simple moving average is GBX 288.29. 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 has a market capitalization of £238.54 million, a P/E ratio of 7.84 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported GBX 23 ($0.30) earnings per share 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 forecast that FDM Group will post 3132.5302111 EPS for the current year.

FDM Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 5th will be issued a dividend of GBX 12.50 ($0.17) per share. This represents a dividend yield of 5%. The ex-dividend date is Thursday, June 5th. FDM Group's dividend payout ratio is currently 104.05%.

Insider Activity

In related news, insider Sheila Flavell acquired 429 shares of the company's stock in a transaction on Wednesday, April 9th. The stock was purchased at an average cost of GBX 233 ($3.09) per share, with a total value of £999.57 ($1,324.46). Also, insider Michael (Mike) McLaren bought 212 shares of FDM Group stock in a transaction dated Thursday, February 6th. The shares were bought at an average cost of GBX 235 ($3.11) per share, for a total transaction of £498.20 ($660.13). Over the last 90 days, insiders acquired 866 shares of company stock valued at $199,502. 17.79% of the stock is owned by company 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.