FDM Group (LON:FDM) Share Price Crosses Below 50-Day Moving Average of $821.38

Shares of FDM Group (Holdings) plc (LON:FDMGet Rating) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 821.38 ($9.92) and traded as low as GBX 716 ($8.65). FDM Group shares last traded at GBX 722 ($8.72), with a volume of 98,906 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “house stock” rating on shares of FDM Group in a report on Thursday, July 28th.

FDM Group Stock Down 0.1 %

The company has a debt-to-equity ratio of 16.88, a current ratio of 2.34 and a quick ratio of 2.24. The company has a market cap of £787.27 million and a P/E ratio of 2,406.67. The stock has a fifty day moving average price of GBX 821.38 and a two-hundred day moving average price of GBX 907.69.

FDM Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, August 25th will be given a GBX 17 ($0.21) dividend. This represents a dividend yield of 1.91%. The ex-dividend date is Thursday, August 25th. FDM Group’s dividend payout ratio (DPR) is presently 110.00%.

Insider Activity at FDM Group

In related news, insider Michael (Mike) McLaren bought 67 shares of the stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 743 ($8.98) per share, with a total value of £497.81 ($601.51).

About FDM Group

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FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, rest of Europe, the Middle East, Africa, and the Asia Pacific. It is involved in recruiting, training, and placing its own IT and business consultants across various technical and business disciplines, including development, testing, IT service management, project management office, data engineering, cloud computing, business analysis, business intelligence, cyber security, artificial intelligence, machine learning, and robotic process automation, as well as risk and regulation activities.

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