FDM Group (LON:FDM) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

FDM Group (Holdings) plc (LON:FDM) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 133.44 and traded as low as GBX 128.60. FDM Group shares last traded at GBX 133, with a volume of 1,339,805 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of FDM Group in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, FDM Group has a consensus rating of “Hold” and a consensus price target of GBX 145.

FDM Group Stock Down 0.5%

The firm has a market capitalization of £144.56 million, a PE ratio of 9.39 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. The company has a 50-day moving average price of GBX 133.44 and a 200 day moving average price of GBX 151.91.

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.