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

FDM Group (Holdings) plc (LON:FDM)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 108.12 and traded as high as GBX 109. FDM Group shares last traded at GBX 101.61, with a volume of 198,626 shares changing hands.

Analysts Set New Price Targets

FDM has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on FDM Group from GBX 160 to GBX 155 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 142.50.

FDM Group Stock Performance

The stock has a market cap of £114.38 million, a price-to-earnings ratio of 45.48 and a beta of 1.11. The company has a debt-to-equity ratio of 37.49, a current ratio of 2.23 and a quick ratio of 2.24. The firm has a fifty day moving average of GBX 107.75 and a 200 day moving average of GBX 108.18.

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%. As a group, sell-side analysts forecast that FDM Group will post 3132.53 EPS 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.