FDM Group (LON:FDM) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

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) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 217.13 ($2.93) and traded as low as GBX 123 ($1.66). FDM Group shares last traded at GBX 123.60 ($1.67), with a volume of 261,435 shares trading hands.

Wall Street Analyst Weigh In

FDM has been the topic of several research reports. Shore Capital restated a "house stock" rating on shares of FDM Group in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft lowered 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 research analyst has rated the stock with a Hold rating, According to MarketBeat.com, FDM Group currently has an average rating of "Hold" and an average target price of GBX 145.

FDM Group Stock Up 1.6%

The company has a 50 day moving average price of GBX 184.61 and a two-hundred day moving average price of GBX 215.49. 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 market cap of £142.13 million, a PE ratio of 4.67 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last posted its quarterly 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%. Analysts expect that FDM Group will post 3132.5302111 EPS for the current year.

Insiders Place Their Bets

In other news, insider Roderick (Rod) Flavell acquired 453 shares of FDM Group stock in a transaction that occurred on Friday, July 4th. The stock was bought at an average price of GBX 220 per share, for a total transaction of £996.60. Also, insider Andrew (Andy) Brown sold 13,699 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of GBX 226, for a total value of £30,959.74. Over the last three months, insiders have bought 2,531 shares of company stock worth $449,032 and have sold 40,514 shares worth $9,156,164. 17.79% of the stock is currently owned by 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.