FDM Group (LON:FDM) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of FDM Group (Holdings) plc (LON:FDM) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 238.56 ($3.10) and traded as high as GBX 260.50 ($3.38). FDM Group shares last traded at GBX 251 ($3.26), with a volume of 303,484 shares.

Analyst Ratings Changes

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

FDM Group Stock Up 2.2 %

The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24. The stock’s 50 day simple moving average is GBX 238.38 and its two-hundred day simple moving average is GBX 307.29. The firm has a market cap of £282.76 million, a P/E ratio of 9.29 and a beta of 0.97.

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

FDM Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be paid a dividend of GBX 12.50 ($0.16) per share. The ex-dividend date is Thursday, June 5th. This represents a yield of 5%. FDM Group’s dividend payout ratio is presently 104.05%.

Insider Transactions at FDM Group

In other FDM Group news, insider Sheila Flavell purchased 338 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was acquired at an average cost of GBX 295 ($3.83) per share, for a total transaction of £997.10 ($1,294.77). Also, insider Michael (Mike) McLaren acquired 212 shares of FDM Group stock in a transaction dated Thursday, February 6th. The shares were bought at an average price of GBX 235 ($3.05) per share, for a total transaction of £498.20 ($646.93). Insiders have acquired 775 shares of company stock worth $199,255 in the last quarter. Company insiders own 17.79% 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.