FDM Group (LON:FDM) Share Price Passes Above 50 Day Moving Average – Here’s Why

FDM Group (Holdings) plc (LON:FDM)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 107.55 and traded as high as GBX 108.20. FDM Group shares last traded at GBX 104.40, with a volume of 650,893 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on FDM. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut their price target on FDM Group from GBX 180 to GBX 160 and set a “buy” rating for the company in a report on Thursday, March 19th. Finally, Stifel Nicolaus lowered their price objective on FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a research note on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, FDM Group currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 145.

FDM Group Stock Performance

The company has a market capitalization of £114.81 million, a P/E ratio of 20.19 and a beta of 1.09. The firm has a 50 day moving average price of GBX 107.55 and a two-hundred day moving average price of GBX 125.02. The company has a debt-to-equity ratio of 38.18, a quick ratio of 2.24 and a current ratio of 2.48.

FDM Group (LON:FDM) last released its quarterly earnings data on Wednesday, March 18th. The company reported GBX 10 earnings per share for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. On average, research analysts expect that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael (Mike) McLaren acquired 7,562 shares of the 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 £8,923.16. Also, insider Roderick (Rod) Flavell acquired 11,474 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of GBX 118 per share, for a total transaction of £13,539.32. In the last 90 days, insiders have purchased 362,726 shares of company stock valued at $39,293,358. 17.78% of the stock is currently owned by company 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.