FDM Group (LON:FDM) Shares Break Above 50-Day Moving Average – Time to Sell?

FDM Group (Holdings) plc (LON:FDM) passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of GBX 112.11 and traded as high as GBX 113.80. FDM Group shares last traded at GBX 110.20, with a volume of 359,269 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on FDM Group from GBX 160 to GBX 155 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 142.50.

FDM Group Price Performance

The firm has a 50 day simple moving average of GBX 111.83 and a two-hundred day simple moving average of GBX 109.74. The company has a quick ratio of 2.24, a current ratio of 2.23 and a debt-to-equity ratio of 37.49. The stock has a market capitalization of £114.81 million, a P/E ratio of 45.65 and a beta of 1.11.

FDM Group (LON:FDM) 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, equities research analysts expect that FDM Group will post 3132.5302111 earnings per share for the current year.

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.