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

FDM Group (Holdings) plc (LON:FDM)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 235.75 ($3.01) and traded as high as GBX 238.01 ($3.04). FDM Group shares last traded at GBX 233.50 ($2.98), with a volume of 2,712,631 shares trading hands.

Analyst Upgrades and Downgrades

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

FDM Group Stock Performance

The stock has a market capitalization of £248.37 million, a PE ratio of 8.16 and a beta of 0.97. The business’s 50 day moving average is GBX 235.75 and its 200 day moving average is GBX 300.17. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75.

FDM Group (LON:FDM) last announced its earnings results on Thursday, March 20th. The company reported GBX 23 ($0.29) earnings per share (EPS) for the quarter. FDM Group had a return on equity of 42.26% and a net margin of 10.34%. On average, equities research analysts predict that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

FDM Group Cuts Dividend

The firm 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 ($0.16) dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 5%. FDM Group’s payout ratio is 104.05%.

Insider Activity

In related news, insider Sheila Flavell purchased 338 shares of the firm’s stock in a transaction dated Thursday, January 9th. The stock was purchased at an average price of GBX 295 ($3.77) per share, with a total value of £997.10 ($1,274.09). Also, insider Michael (Mike) McLaren acquired 225 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of GBX 221 ($2.82) per share, for a total transaction of £497.25 ($635.38). Over the last ninety days, insiders purchased 775 shares of company stock valued at $199,255. 17.79% of the stock is currently owned by company insiders.

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.