Shore Capital Reaffirms House Stock Rating for FDM Group (LON:FDM)

Shore Capital reiterated their house stock rating on shares of FDM Group (LON:FDMFree Report) in a research note published on Thursday, MarketBeat Ratings reports.

FDM Group Stock Down 1.3 %

Shares of LON:FDM opened at GBX 411.42 ($5.27) on Thursday. The company has a debt-to-equity ratio of 26.32, a quick ratio of 2.24 and a current ratio of 2.63. The company has a market capitalization of £448.82 million, a PE ratio of 1,127.03 and a beta of 0.89. FDM Group has a 52-week low of GBX 300 ($3.84) and a 52-week high of GBX 721 ($9.24). The company has a fifty day moving average of GBX 374.64 and a 200-day moving average of GBX 401.68.

FDM Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a dividend of GBX 19 ($0.24) per share. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 5.54%. This is an increase from FDM Group’s previous dividend of $17.00. FDM Group’s dividend payout ratio (DPR) is presently 9,729.73%.

Insider Buying and Selling

In other FDM Group news, insider Sheila Flavell purchased 289 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was acquired at an average price of GBX 346 ($4.43) per share, for a total transaction of £999.94 ($1,281.15). In related news, insider Andrew (Andy) Brown purchased 1,961 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was bought at an average price of GBX 441 ($5.65) per share, for a total transaction of £8,648.01 ($11,080.09). Also, insider Sheila Flavell acquired 289 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was purchased at an average price of GBX 346 ($4.43) per share, for a total transaction of £999.94 ($1,281.15). Insiders bought 2,392 shares of company stock valued at $1,014,637 over the last quarter. Insiders own 17.95% of the company’s stock.

About FDM Group

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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.

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