FDM Group (LON:FDM) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

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 105.10 and traded as high as GBX 109. FDM Group shares last traded at GBX 109, with a volume of 1,425,251 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on FDM. Deutsche Bank Aktiengesellschaft lowered their price target on shares of FDM Group from GBX 160 to GBX 155 and set a “buy” rating for the company in a report on Tuesday, August 4th. Shore Capital Group reiterated a “house stock” rating on shares of FDM Group in a research report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 142.50.

FDM Group Stock Up 0.8%

The firm has a market capitalization of £120.19 million, a PE ratio of 47.79 and a beta of 1.13. The company has a fifty day simple moving average of GBX 105.10 and a two-hundred day simple moving average of GBX 115.57. The company has a debt-to-equity ratio of 37.49, a quick ratio of 2.24 and a current ratio of 2.23.

FDM Group (LON:FDM) last announced its quarterly earnings results on Monday, August 3rd. The company reported GBX 3.80 EPS for the quarter. FDM Group had a return on equity of 4.84% and a net margin of 1.57%. Analysts forecast that FDM Group will post 3132.53 EPS for the current fiscal 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.