FDM Group (LON:FDM) Stock Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• FDM's stock fell below its 200‑day moving average — the 200‑day MA is GBX 130.17 and shares traded as low as GBX 107, last at GBX 109.48 on volume of 172,585.
• Analysts are mixed and have trimmed targets: Deutsche Bank cut to GBX 160 (buy) and Stifel to GBX 130 (hold), leaving a MarketBeat consensus of Moderate Buy with an average target of GBX 145.
• Insiders are buying significant stock (insiders own 17.75%); Roderick Flavell bought 285,175 shares at GBX 106 and Michael McLaren bought 43,105 shares at GBX 116, while the company has a market cap of £119.4M and a PE of 21.

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 130.17 and traded as low as GBX 107. FDM Group shares last traded at GBX 109.48, with a volume of 172,585 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on FDM Group from GBX 174 to GBX 130 and set a "hold" rating on the stock in a report on Thursday, March 19th. Shore Capital Group reiterated a "house stock" rating on shares of FDM Group in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on FDM Group from GBX 180 to GBX 160 and set a "buy" rating on the stock in a report on Thursday, March 19th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 145.

FDM Group Trading Up 0.2%

The firm has a market capitalization of £119.40 million, a PE ratio of 21.00 and a beta of 1.06. The company has a debt-to-equity ratio of 38.18, a quick ratio of 2.24 and a current ratio of 2.48. The firm has a fifty day moving average of GBX 115.71 and a 200 day moving average of GBX 130.17.

FDM Group (LON:FDM - Get Free Report) last announced its earnings results on Wednesday, March 18th. The company reported GBX 10 EPS for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. Equities research analysts expect that FDM Group will post 3132.5302111 EPS for the current year.

Insider Activity at FDM Group

In other FDM Group news, insider Michael (Mike) McLaren acquired 43,105 shares of the company's stock in a transaction on Tuesday, April 21st. The shares were bought at an average cost of GBX 116 per share, for a total transaction of £50,001.80. Also, insider Roderick (Rod) Flavell acquired 285,175 shares of the company's stock in a transaction on Friday, April 17th. The shares were acquired at an average price of GBX 106 per share, for a total transaction of £302,285.50. 17.75% of the stock is 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. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.

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