FDM Group (LON:FDM) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

FDM Group (Holdings) plc (LON:FDM)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 110.81 and traded as high as GBX 111.80. FDM Group shares last traded at GBX 103.40, with a volume of 133,349 shares changing hands.

Analysts Set New Price Targets

FDM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on FDM Group from GBX 160 to GBX 155 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 142.50.

FDM Group Stock Up 1.6%

The company has a debt-to-equity ratio of 37.49, a quick ratio of 2.24 and a current ratio of 2.23. The company has a market cap of £114.16 million, a PE ratio of 45.39 and a beta of 1.11. The firm has a fifty day simple moving average of GBX 110.55 and a 200 day simple moving average of GBX 108.76.

FDM Group (LON:FDM) last posted its quarterly earnings data on Monday, August 3rd. The company reported GBX 3.80 EPS for the quarter. FDM Group had a net margin of 1.57% and a return on equity of 4.84%. Equities research analysts predict that FDM Group will post 3132.5302111 EPS for the current year.

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.