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

FDM Group (Holdings) plc (LON:FDM)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-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.

Analysts Set New Price Targets

Several equities research analysts have commented on FDM shares. Stifel Nicolaus lowered their price target on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft lowered their target price on FDM Group from GBX 180 to GBX 160 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Finally, Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a report on Thursday, May 21st. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, FDM Group has a consensus rating of “Moderate Buy” and an average price target of GBX 145.

FDM Group Price Performance

The company has a quick ratio of 2.24, a current ratio of 2.48 and a debt-to-equity ratio of 38.18. The firm has a market capitalization of £112.62 million, a PE ratio of 19.81 and a beta of 1.08. The stock has a 50-day moving average price of GBX 107.61 and a 200 day moving average price of GBX 124.77.

FDM Group (LON:FDM) last released its quarterly earnings results on Wednesday, March 18th. The company reported GBX 10 earnings per share (EPS) for the quarter. FDM Group had a net margin of 3.19% and a return on equity of 10.20%. Equities analysts forecast that FDM Group will post 3132.5302111 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew (Andy) Brown purchased 7,562 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was purchased at an average price of GBX 118 per share, with a total value of £8,923.16. Also, insider Sheila Flavell acquired 7,848 shares of FDM Group stock in a transaction that occurred on Tuesday, June 2nd. The shares were bought at an average price of GBX 118 per share, for a total transaction of £9,260.64. Insiders have acquired 362,726 shares of company stock valued at $39,293,358 over the last ninety days. 17.78% of the stock is currently owned by company insiders.

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.