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

FDM Group (Holdings) plc (LON:FDM)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 110.10 and traded as high as GBX 115.20. FDM Group shares last traded at GBX 113.80, with a volume of 392,904 shares traded.

Analysts Set New Price Targets

Several analysts have weighed in on FDM shares. Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft dropped 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, FDM Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 142.50.

FDM Group Trading Up 0.9%

The company has a fifty day moving average of GBX 110.09 and a 200-day moving average of GBX 118.68. The company has a current ratio of 2.23, a quick ratio of 2.24 and a debt-to-equity ratio of 37.49. The company has a market capitalization of £123.34 million, a price-to-earnings ratio of 49.04 and a beta of 1.10.

FDM Group (LON:FDM) last released its 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, equities research analysts anticipate that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

Insider Transactions at FDM Group

In other FDM Group news, insider Michael (Mike) McLaren bought 7,562 shares of FDM Group stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of GBX 118 per share, for a total transaction of £8,923.16. Also, insider Andrew (Andy) Brown purchased 7,562 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was acquired at an average cost of GBX 118 per share, for a total transaction of £8,923.16. Over the last quarter, insiders have purchased 34,446 shares of company stock worth $4,064,628. Company 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.