FDM Group (LON:FDM) Trading Down 33.7% - Here's What Happened

Key Points

• FDM Group's stock price fell by 33.7%, reaching a low of GBX 126 ($1.68) during mid-day trading on Wednesday.
• The company's quarterly earnings revealed an earnings per share (EPS) of GBX 6.30 ($0.08) with a net margin of 10.34% and return on equity of 42.26%.
• Recent insider trades included the sale of 13,699 shares by Andrew Brown and a purchase of 453 shares by Roderick Flavell, highlighting significant activity among company insiders.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) dropped 33.7% during trading on Wednesday . The company traded as low as GBX 126 ($1.66) and last traded at GBX 129.20 ($1.71). Approximately 6,399,052 shares traded hands during trading, an increase of 1,240% from the average daily volume of 477,432 shares. The stock had previously closed at GBX 195 ($2.58).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "house stock" rating on shares of FDM Group in a research note on Wednesday.

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 business's fifty day simple moving average is GBX 212.26 and its 200-day simple moving average is GBX 228.92. The firm has a market capitalization of £129.70 million, a PE ratio of 4.26 and a beta of 0.97.

FDM Group (LON:FDM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. As a group, 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 Roderick (Rod) Flavell bought 453 shares of the business's stock in a transaction that occurred on Friday, July 4th. The stock was purchased at an average cost of GBX 220 ($2.91) per share, with a total value of £996.60 ($1,316.51). Also, insider Michael (Mike) McLaren bought 226 shares of the business's stock in a transaction that occurred on Friday, July 4th. The stock was acquired at an average cost of GBX 220 ($2.91) per share, with a total value of £497.20 ($656.80). In the last 90 days, insiders acquired 1,769 shares of company stock valued at $399,136 and sold 40,514 shares valued at $9,156,164. 17.79% of the stock is currently owned by corporate 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.