FDM Group (LON:FDM) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of FDM Group (Holdings) plc (LON:FDM) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 173.19 and traded as low as GBX 121.80. FDM Group shares last traded at GBX 124.08, with a volume of 709,523 shares.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FDM shares. Deutsche Bank Aktiengesellschaft lowered their target price on FDM Group from GBX 275 to GBX 145 and set a “hold” rating on the stock in a report on Thursday, August 7th. Shore Capital restated a “house stock” rating on shares of FDM Group in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 145.

FDM Group Stock Performance

The company has a market capitalization of £135.47 million, a PE ratio of 8.80 and a beta of 0.97. The stock’s fifty day simple moving average is GBX 128.29 and its 200-day simple moving average is GBX 172.87. The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31.

Insider Buying and Selling

In other FDM Group news, insider Michael (Mike) McLaren purchased 400 shares of FDM Group stock in a transaction on Thursday, September 4th. The shares were bought at an average price of GBX 125 per share, with a total value of £500. Also, insider Sheila Flavell acquired 801 shares of the stock in a transaction dated Thursday, September 4th. The stock was acquired at an average cost of GBX 125 per share, with a total value of £1,001.25. 17.78% of the stock is currently owned by company insiders.

About FDM Group

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.