FDM Group (LON:FDM) Stock Crosses Above 50 Day Moving Average – What’s Next?

FDM Group (Holdings) plc (LON:FDM)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 110.90 and traded as high as GBX 114.80. FDM Group shares last traded at GBX 114, with a volume of 1,142,277 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research report on Monday, August 3rd. 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. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, FDM Group has an average rating of “Moderate Buy” and a consensus price target of GBX 142.50.

FDM Group Stock Performance

The company has a market capitalization of £124.65 million, a price-to-earnings ratio of 49.57 and a beta of 1.11. The stock has a 50 day simple moving average of GBX 111.35 and a 200 day simple moving average of GBX 117. The company has a quick ratio of 2.24, a current ratio of 2.23 and a debt-to-equity ratio of 37.49.

FDM Group (LON:FDM) last announced its quarterly earnings results 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%. As a group, analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Michael (Mike) McLaren bought 7,562 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were purchased at an average cost of GBX 118 per share, with a total value of £8,923.16. Also, insider Sheila Flavell bought 7,848 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was bought at an average price of GBX 118 per share, for a total transaction of £9,260.64. Insiders have bought 34,446 shares of company stock valued at $4,064,628 in the last 90 days. Corporate insiders own 17.84% 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.