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

FDM Group (Holdings) plc (LON:FDM)’s stock 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.

Wall Street Analysts Forecast Growth

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

FDM Group Stock Up 0.6%

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

FDM Group (LON:FDM) last posted 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%. As a group, sell-side analysts predict that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Michael (Mike) McLaren purchased 43,105 shares of the business’s stock in a transaction on Tuesday, April 21st. The stock was purchased at an average price of GBX 116 per share, with a total value of £50,001.80. Also, insider Roderick (Rod) Flavell purchased 285,175 shares of the business’s stock in a transaction 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. Insiders acquired a total of 362,726 shares of company stock worth $39,293,358 over the last quarter. 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.