FDM Group (LON:FDM) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of FDM Group (Holdings) plc (LON:FDM) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 121.21 and traded as low as GBX 105. FDM Group shares last traded at GBX 109.60, with a volume of 379,972 shares trading hands.

Wall Street Analysts Forecast Growth

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

FDM Group Stock Down 4.1%

The firm’s fifty day simple moving average is GBX 106.95 and its two-hundred day simple moving average is GBX 121.08. 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 company has a market capitalization of £122.47 million, a price-to-earnings ratio of 21.54 and a beta of 1.10.

Insiders Place Their Bets

In other FDM Group news, insider Roderick (Rod) Flavell acquired 285,175 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was bought 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 business’s stock in a transaction on Tuesday, April 21st. The shares were acquired at an average cost of GBX 116 per share, with a total value of £50,001.80. Over the last ninety days, insiders have purchased 362,726 shares of company stock valued at $39,293,358. 17.84% of the stock is currently owned by 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. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.