FDM Group (LON:FDM) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

FDM Group (Holdings) plc (LON:FDM)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 105.10 and traded as high as GBX 109. FDM Group shares last traded at GBX 109, with a volume of 1,425,251 shares.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Shore Capital Group reiterated a “house stock” rating on shares of FDM Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price objective on FDM Group from GBX 160 to GBX 155 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 142.50.

FDM Group Stock Performance

The company has a debt-to-equity ratio of 37.49, a quick ratio of 2.24 and a current ratio of 2.23. The stock has a market cap of £120.19 million, a P/E ratio of 47.79 and a beta of 1.13. The firm’s 50 day moving average is GBX 105.10 and its 200 day moving average is GBX 115.57.

FDM Group (LON:FDM) last announced its earnings results on Monday, August 3rd. The company reported GBX 3.80 earnings per share for the quarter. FDM Group had a net margin of 1.57% and a return on equity of 4.84%. Analysts anticipate that FDM Group will post 3132.53 EPS for the current year.

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.