FDM Group (LON:FDM) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

FDM Group (Holdings) plc (LON:FDM) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 129 and traded as low as GBX 102. FDM Group shares last traded at GBX 105.11, with a volume of 582,095 shares traded.

Analysts Set New Price Targets

FDM has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Shore Capital Group reissued a “house stock” rating on shares of FDM Group in a research note on Wednesday, January 28th. Finally, Stifel Nicolaus dropped their price objective on FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 145.

FDM Group Stock Up 2.8%

The company has a current ratio of 2.48, a quick ratio of 2.24 and a debt-to-equity ratio of 38.18. The firm has a market capitalization of £119.40 million, a price-to-earnings ratio of 21.00 and a beta of 1.06. The stock has a fifty day moving average of GBX 111.60 and a 200-day moving average of GBX 129.

FDM Group (LON:FDM) last issued its earnings results on Wednesday, March 18th. The company reported GBX 10 earnings per share (EPS) for the quarter. FDM Group had a return on equity of 10.20% and a net margin of 3.19%. As a group, sell-side analysts expect that FDM Group will post 3132.5302111 EPS for the current year.

Insiders Place Their Bets

In related news, insider Roderick (Rod) Flavell bought 285,175 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were acquired at an average cost of GBX 106 per share, for a total transaction of £302,285.50. Also, insider Michael (Mike) McLaren bought 43,105 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The stock was bought at an average price of GBX 116 per share, for a total transaction of £50,001.80. Insiders own 17.75% 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.