FDM Group (LON:FDM) Stock Passes Above 50-Day Moving Average - Here's What Happened

FDM Group (Holdings) plc (LON:FDM - Get Free Report)'s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 238.56 ($3.08) and traded as high as GBX 260.50 ($3.36). FDM Group shares last traded at GBX 251 ($3.24), with a volume of 303,484 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of FDM Group in a report on Wednesday, March 19th.

FDM Group Trading Down 4.8 %

The company has a market capitalization of £257.65 million, a price-to-earnings ratio of 8.47 and a beta of 0.97. The business's 50 day simple moving average is GBX 237.17 and its 200 day simple moving average is GBX 304.85. The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24.

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

FDM Group Cuts Dividend

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

Insider Buying and Selling at FDM Group

In other news, insider Sheila Flavell acquired 338 shares of the business's stock in a transaction dated Thursday, January 9th. The stock was acquired at an average price of GBX 295 ($3.80) per share, with a total value of £997.10 ($1,285.75). Also, insider Michael (Mike) McLaren acquired 225 shares of FDM Group stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of GBX 221 ($2.85) per share, for a total transaction of £497.25 ($641.20). Over the last 90 days, insiders have bought 775 shares of company stock valued at $199,255. 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.