FDM Group (LON:FDM) Stock Price Crosses Above Fifty Day Moving Average of $356.30

FDM Group (Holdings) plc (LON:FDM) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 356.30 ($4.48) and traded as high as GBX 377 ($4.74). FDM Group shares last traded at GBX 355 ($4.46), with a volume of 193,788 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of FDM Group in a research note on Wednesday, January 31st.

FDM Group Stock Down 0.4 %

The business’s 50 day simple moving average is GBX 356.30 and its 200 day simple moving average is GBX 402.45. The company has a market capitalization of £385.63 million, a PE ratio of 962.01 and a beta of 0.90. The company has a quick ratio of 2.24, a current ratio of 2.63 and a debt-to-equity ratio of 26.32.

FDM Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a GBX 19 ($0.24) dividend. This is a positive change from FDM Group’s previous dividend of $17.00. The ex-dividend date is Thursday, June 6th. This represents a yield of 5.54%. FDM Group’s dividend payout ratio (DPR) is currently 9,729.73%.

Insiders Place Their Bets

In other FDM Group news, insider Sheila Flavell bought 289 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was acquired at an average price of GBX 346 ($4.35) per share, with a total value of £999.94 ($1,256.21). In related news, insider Sheila Flavell purchased 289 shares of FDM Group stock in a transaction dated Thursday, April 11th. The stock was acquired at an average cost of GBX 346 ($4.35) per share, with a total value of £999.94 ($1,256.21). Also, insider Michael (Mike) McLaren acquired 123 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of GBX 405 ($5.09) per share, for a total transaction of £498.15 ($625.82). Corporate insiders own 17.95% of the company’s stock.

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.