FDM Group (LON:FDM) Shares Pass Below 200-Day Moving Average – Here’s What Happened

FDM Group (Holdings) plc (LON:FDM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 394.82 ($5.13) and traded as low as GBX 367.50 ($4.77). FDM Group shares last traded at GBX 370 ($4.80), with a volume of 127,308 shares traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lifted their price objective on FDM Group from GBX 365 ($4.74) to GBX 430 ($5.58) and gave the stock a “hold” rating in a research report on Thursday, August 1st.

FDM Group Stock Down 0.4 %

The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The company has a market cap of £403.38 million, a PE ratio of 1,321.43 and a beta of 0.97. The firm has a fifty day simple moving average of GBX 398.63 and a 200 day simple moving average of GBX 394.82.

FDM Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 10th will be issued a GBX 10 ($0.13) dividend. This represents a yield of 2.42%. The ex-dividend date is Thursday, October 10th. FDM Group’s dividend payout ratio (DPR) is 10,357.14%.

Insider Buying and Selling at FDM Group

In other FDM Group news, insider Sheila Flavell purchased 238 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average price of GBX 418 ($5.43) per share, for a total transaction of £994.84 ($1,291.66). In other news, insider Sheila Flavell acquired 238 shares of FDM Group stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of GBX 418 ($5.43) per share, with a total value of £994.84 ($1,291.66). Also, insider Roderick (Rod) Flavell acquired 255 shares of FDM Group stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average cost of GBX 391 ($5.08) per share, for a total transaction of £997.05 ($1,294.53). Insiders acquired 619 shares of company stock worth $248,959 in the last 90 days. 17.79% of the stock is owned by company insiders.

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.