FDM Group (LON:FDM) Shares Pass Below Fifty Day Moving Average of $821.38

FDM Group (Holdings) plc (LON:FDMGet Rating)’s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 821.38 ($9.92) and traded as low as GBX 716 ($8.65). FDM Group shares last traded at GBX 722 ($8.72), with a volume of 98,906 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “house stock” rating on shares of FDM Group in a research report on Thursday, July 28th.

FDM Group Stock Performance

The company has a market capitalization of £779.63 million and a PE ratio of 2,380.00. The business’s fifty day moving average is GBX 816.22 and its two-hundred day moving average is GBX 905.64. The company has a current ratio of 2.34, a quick ratio of 2.24 and a debt-to-equity ratio of 16.88.

FDM Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, August 25th will be issued a GBX 17 ($0.21) dividend. The ex-dividend date is Thursday, August 25th. This represents a yield of 1.91%. FDM Group’s payout ratio is currently 110.00%.

Insider Buying and Selling

In related news, insider Michael (Mike) McLaren bought 67 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was acquired at an average cost of GBX 743 ($8.98) per share, for a total transaction of £497.81 ($601.51).

FDM Group Company Profile

(Get Rating)

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, rest of Europe, the Middle East, Africa, and the Asia Pacific. It is involved in recruiting, training, and placing its own IT and business consultants across various technical and business disciplines, including development, testing, IT service management, project management office, data engineering, cloud computing, business analysis, business intelligence, cyber security, artificial intelligence, machine learning, and robotic process automation, as well as risk and regulation activities.

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