FDM Group (LON:FDM) Shares Pass Above 50-Day Moving Average – Time to Sell?

FDM Group (Holdings) plc (LON:FDM) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 238.56 ($3.08) and traded as high as GBX 260.50 ($3.37). FDM Group shares last traded at GBX 251 ($3.24), with a volume of 303,484 shares changing hands.

Analyst Upgrades and Downgrades

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

FDM Group Stock Down 4.2 %

The company has a market capitalization of £274.02 million, a price-to-earnings ratio of 9.01 and a beta of 0.97. The company has a quick ratio of 2.24, a current ratio of 2.31 and a debt-to-equity ratio of 28.75. The firm has a 50 day moving average price of GBX 238.56 and a two-hundred day moving average price of GBX 307.66.

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%. As a group, sell-side analysts expect that FDM Group will post 3132.5302111 earnings per share for the current year.

FDM Group Cuts Dividend

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

Insider Activity at FDM Group

In other news, insider Sheila Flavell acquired 338 shares of the stock in a transaction that occurred on Thursday, January 9th. The stock was purchased at an average cost of GBX 295 ($3.81) per share, with a total value of £997.10 ($1,288.24). Also, insider Michael (Mike) McLaren acquired 212 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were purchased at an average price of GBX 235 ($3.04) per share, for a total transaction of £498.20 ($643.67). Insiders have purchased 775 shares of company stock valued at $199,255 over the last ninety days. Corporate insiders own 17.79% of the company’s stock.

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.