FDM Group (LON:FDM) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

FDM Group (Holdings) plc (LON:FDMGet Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 120.47 and traded as low as GBX 117. FDM Group shares last traded at GBX 118, with a volume of 512,280 shares.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of FDM Group in a research report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 145.

View Our Latest Stock Analysis on FDM

FDM Group Trading Down 0.4%

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 company has a fifty day moving average of GBX 107.55 and a two-hundred day moving average of GBX 120.47. The stock has a market capitalization of £130.73 million, a price-to-earnings ratio of 22.99 and a beta of 1.10.

Insider Activity

In other news, insider Roderick (Rod) Flavell bought 11,474 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were acquired at an average price of GBX 118 per share, with a total value of £13,539.32. Also, insider Sheila Flavell bought 7,848 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was purchased at an average cost of GBX 118 per share, for a total transaction of £9,260.64. Insiders have purchased a total of 34,446 shares of company stock worth $4,064,628 in the last 90 days. Corporate insiders own 17.84% of the company’s stock.

FDM Group Company Profile

(Get Free Report)

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.

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