FDM Group (LON:FDM) Stock Price Down 36.3% - Here's What Happened

Key Points

• FDM Group's stock price fell by 36.3%, trading at GBX 124.20 ($1.65), significantly down from its previous close of GBX 195 ($2.59).
• The company has recently reported a net margin of 10.34% and is projected to post an EPS of 3132.53 for the current year.
• Insider trading activity includes 13,699 shares sold by Andrew Brown and a purchase of 226 shares by Michael McLaren, indicating mixed confidence among insiders.

FDM Group (Holdings) plc (LON:FDM - Get Free Report) shares fell 36.3% on Thursday . The company traded as low as GBX 124.20 ($1.65) and last traded at GBX 124.20 ($1.65). 8,409,954 shares changed hands during trading, an increase of 1,612% from the average session volume of 491,205 shares. The stock had previously closed at GBX 195 ($2.59).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of FDM Group in a report on Wednesday.

FDM Group Price Performance

The firm has a 50-day simple moving average of GBX 207.75 and a 200-day simple moving average of GBX 226.89. The firm has a market capitalization of £129.91 million, a PE ratio of 4.27 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.

FDM Group (LON:FDM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported GBX 6.30 ($0.08) earnings per share for the quarter. FDM Group had a net margin of 10.34% and a return on equity of 42.26%. As a group, equities analysts forecast that FDM Group will post 3132.5302111 earnings per share for the current year.

Insider Buying and Selling at FDM Group

In related news, insider Michael (Mike) McLaren acquired 226 shares of FDM Group stock in a transaction dated Friday, July 4th. The stock was purchased at an average cost of GBX 220 ($2.92) per share, for a total transaction of £497.20 ($659.94). Also, insider Andrew (Andy) Brown sold 13,699 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of GBX 226 ($3.00), for a total value of £30,959.74 ($41,093.36). In the last 90 days, insiders bought 1,769 shares of company stock worth $399,136 and sold 40,514 shares worth $9,156,164. Company insiders own 17.79% of the company's stock.

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.