FDM Group (LON:FDM) Shares Cross Below 200 Day Moving Average – Here’s Why

FDM Group (Holdings) plc (LON:FDM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 292.77 ($3.88) and traded as low as GBX 220 ($2.91). FDM Group shares last traded at GBX 226.50 ($3.00), with a volume of 138,467 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of FDM Group in a research note on Wednesday, March 19th.

FDM Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 28.75, a quick ratio of 2.24 and a current ratio of 2.31. The firm has a market capitalization of £249.46 million, a P/E ratio of 8.20 and a beta of 0.97. The firm has a 50 day simple moving average of GBX 234.47 and a two-hundred day simple moving average of GBX 292.77.

FDM Group (LON:FDM) last issued its quarterly earnings results on Thursday, March 20th. The company reported GBX 23 ($0.30) EPS for the quarter. FDM Group had a return on equity of 42.26% and a net margin of 10.34%. Equities research analysts forecast that FDM Group will post 3132.5302111 earnings per share for the current year.

FDM Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be paid a GBX 12.50 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a dividend yield of 5%. FDM Group’s payout ratio is presently 104.05%.

Insider Buying and Selling

In other FDM Group news, insider Sheila Flavell acquired 429 shares of the company’s stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of GBX 233 ($3.08) per share, with a total value of £999.57 ($1,323.06). Also, insider Michael (Mike) McLaren acquired 212 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were acquired at an average cost of GBX 235 ($3.11) per share, with a total value of £498.20 ($659.43). In the last 90 days, insiders bought 866 shares of company stock valued at $199,502. 17.79% of the stock is owned by insiders.

FDM Group Company Profile

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.