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

FDM Group (Holdings) plc (LON:FDM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 122.35 and traded as low as GBX 103.60. FDM Group shares last traded at GBX 105, with a volume of 185,501 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FDM. Shore Capital Group reiterated a “house stock” rating on shares of FDM Group in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft cut their price target on FDM Group from GBX 180 to GBX 160 and set a “buy” rating on the stock in a report on Thursday, March 19th. Finally, Stifel Nicolaus reduced their price objective on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating for the company in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 145.

FDM Group Stock Down 1.5%

The stock has a market cap of £114.81 million, a price-to-earnings ratio of 20.19 and a beta of 1.10. The firm’s fifty day moving average price is GBX 107.07 and its two-hundred day moving average price is GBX 122.35. The company has a debt-to-equity ratio of 38.18, a current ratio of 2.48 and a quick ratio of 2.24.

Insider Transactions at FDM Group

In other news, insider Roderick (Rod) Flavell acquired 285,175 shares of FDM Group stock in a transaction on Friday, April 17th. The stock was purchased at an average price of GBX 106 per share, with a total value of £302,285.50. Also, insider Sheila Flavell acquired 7,848 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were purchased at an average price of GBX 118 per share, with a total value of £9,260.64. Insiders acquired a total of 362,726 shares of company stock valued at $39,293,358 in the last 90 days. Corporate insiders own 17.78% of the company’s stock.

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.