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

Shares of FDM Group (Holdings) plc (LON:FDM) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 107.32 and traded as high as GBX 117. FDM Group shares last traded at GBX 111.59, with a volume of 404,963 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FDM. Stifel Nicolaus cut their target price on FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a research note on Thursday, March 19th. Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research note on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on FDM Group from GBX 180 to GBX 160 and set a “buy” rating for the company in a research note on Thursday, March 19th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, FDM Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 145.

FDM Group Stock Up 1.2%

The stock has a market capitalization of £125.74 million, a PE ratio of 22.12 and a beta of 1.06. The firm has a 50 day moving average of GBX 107.32 and a two-hundred day moving average of GBX 128.11. The company has a current ratio of 2.48, a quick ratio of 2.24 and a debt-to-equity ratio of 38.18.

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%. Equities research analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current year.

Insider Activity at FDM Group

In other news, insider Roderick (Rod) Flavell acquired 285,175 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of GBX 106 per share, with a total value of £302,285.50. Also, insider Michael (Mike) McLaren acquired 43,105 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was purchased at an average cost of GBX 116 per share, with a total value of £50,001.80. Company insiders own 17.75% of the company’s stock.

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.