FDM Group (LON:FDM) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Key Points

• FDM Group shares moved above their 50-day moving average, reaching GBX 112.76 before last trading at GBX 111 on volume of 133,710 shares. The stock was down 0.7% overall.
• Analyst sentiment remains positive but mixed: Deutsche Bank maintained a “Buy” rating while cutting its target from GBX 160 to GBX 155, contributing to a “Moderate Buy” consensus and GBX 142.50 average target.
• Insiders have been buying shares, with purchases totaling 34,446 shares over the past 90 days; insiders own 17.84% of the company. FDM reported quarterly earnings of GBX 3.80 per share, alongside a 1.57% net margin.

Shares of FDM Group (Holdings) plc (LON:FDM - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 112.02 and traded as high as GBX 112.76. FDM Group shares last traded at GBX 111, with a volume of 133,710 shares traded.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FDM. Shore Capital Group reiterated a "house stock" rating on shares of FDM Group in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of FDM Group from GBX 160 to GBX 155 and set a "buy" rating for the company in a report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of GBX 142.50.

FDM Group Stock Down 0.7%

The company has a market capitalization of £121.37 million, a P/E ratio of 48.26 and a beta of 1.11. The company has a current ratio of 2.23, a quick ratio of 2.24 and a debt-to-equity ratio of 37.49. The stock has a 50 day moving average price of GBX 112.02 and a 200 day moving average price of GBX 115.46.

FDM Group (LON:FDM - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported GBX 3.80 earnings per share for the quarter. FDM Group had a return on equity of 4.84% and a net margin of 1.57%. On average, research analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insider Transactions at FDM Group

In other news, insider Sheila Flavell purchased 7,848 shares of FDM Group stock in a transaction dated Tuesday, June 2nd. The shares were bought at an average cost of GBX 118 per share, for a total transaction of £9,260.64. Also, insider Roderick (Rod) Flavell acquired 11,474 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of GBX 118 per share, with a total value of £13,539.32. Over the last ninety days, insiders bought 34,446 shares of company stock valued at $4,064,628. Company insiders own 17.84% of the company's stock.

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. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.

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