FDM Group (LON:FDM) Shares Cross Below 200-Day Moving Average – Time to Sell?

FDM Group (Holdings) plc (LON:FDM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 168.32 and traded as low as GBX 137.40. FDM Group shares last traded at GBX 139.16, with a volume of 1,255,068 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on FDM. Deutsche Bank Aktiengesellschaft cut their price objective on shares of FDM Group from GBX 275 to GBX 145 and set a “hold” rating on the stock in a research report on Thursday, August 7th. Shore Capital reiterated a “house stock” rating on shares of FDM Group in a report on Tuesday, November 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, FDM Group presently has a consensus rating of “Hold” and an average price target of GBX 145.

FDM Group Price Performance

The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24. The stock’s 50 day moving average price is GBX 130.49 and its two-hundred day moving average price is GBX 168.32. The firm has a market capitalization of £150.23 million, a price-to-earnings ratio of 9.76 and a beta of 0.97.

Insider Activity at FDM Group

In related news, insider Michael (Mike) McLaren purchased 400 shares of FDM Group stock in a transaction on Thursday, September 4th. The stock was purchased at an average cost of GBX 125 per share, with a total value of £500. Also, insider Sheila Flavell purchased 801 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were purchased at an average price of GBX 125 per share, for a total transaction of £1,001.25. 17.78% of the stock is owned by corporate 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.