FDM Group (LON:FDM) Reaches New 1-Year Low at $704.00

FDM Group (Holdings) plc (LON:FDMGet Rating)’s share price hit a new 52-week low during trading on Friday . The company traded as low as GBX 704 ($8.51) and last traded at GBX 704 ($8.51), with a volume of 2531 shares traded. The stock had previously closed at GBX 714 ($8.63).

Analysts Set New Price Targets

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

FDM Group Stock Down 1.4 %

The stock has a fifty day moving average of GBX 816.22 and a 200 day moving average of GBX 905.64. The firm has a market capitalization of £768.71 million and a P/E ratio of 2,380.00. The company has a debt-to-equity ratio of 16.88, a current ratio of 2.34 and a quick ratio of 2.24.

FDM Group Cuts Dividend

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

Insider Buying and Selling at FDM Group

In other news, insider Michael (Mike) McLaren bought 56 shares of the stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of GBX 881 ($10.65) per share, for a total transaction of £493.36 ($596.13).

FDM Group Company Profile

(Get Rating)

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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