FDM Group (LON:FDM) Shares Pass Below 200-Day Moving Average - What's Next?

Key Points

• FDM Group's shares fell below their 200-day moving average, closing at GBX 123.60 ($1.68), which highlights ongoing market fluctuations and investor concerns.
• Deutsche Bank has downgraded FDM Group's price target from GBX 275 to GBX 145, reflecting a cautious outlook with a "hold" rating.
• Despite a market cap of £134.94 million and a strong return on equity, FDM Group's stock showed insider selling activity, with significant shares sold in the last 90 days.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 217.13 ($2.91) and traded as low as GBX 123 ($1.65). FDM Group shares last traded at GBX 123.60 ($1.66), with a volume of 261,435 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Shore Capital reiterated a "house stock" rating on shares of FDM Group in a research note on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft dropped their price objective on FDM Group from GBX 275 to GBX 145 and set a "hold" rating for the company in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of GBX 145.

FDM Group Stock Performance

The company has a market capitalization of £147.57 million, a price-to-earnings ratio of 4.85 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. The stock has a 50 day moving average price of GBX 181.23 and a two-hundred day moving average price of GBX 214.23.

FDM Group (LON:FDM - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported GBX 6.30 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, analysts predict that FDM Group will post 3132.5302111 EPS for the current fiscal year.

Insiders Place Their Bets

In other FDM Group news, insider Sheila Flavell bought 793 shares of the stock in a transaction dated Thursday, August 7th. The stock was bought at an average cost of GBX 126 per share, for a total transaction of £999.18. Also, insider Michael (Mike) McLaren bought 396 shares of the stock in a transaction dated Thursday, August 7th. The stock was acquired at an average price of GBX 126 per share, with a total value of £498.96. In the last three months, insiders have purchased 2,531 shares of company stock valued at $449,032 and have sold 40,514 shares valued at $9,156,164. 17.79% of the stock is owned by corporate 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.