FDM Group (LON:FDM) Stock Crosses Below 200-Day Moving Average of $656.83

FDM Group (Holdings) plc (LON:FDM) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 656.83 ($8.22) and traded as low as GBX 538 ($6.73). FDM Group shares last traded at GBX 548 ($6.86), with a volume of 149,218 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Barclays reduced their target price on FDM Group from GBX 1,000 ($12.51) to GBX 840 ($10.51) and set an “overweight” rating on the stock in a research report on Monday, May 22nd. Shore Capital reiterated a “house stock” rating on shares of FDM Group in a research report on Wednesday, June 28th.

FDM Group Price Performance

The company has a market capitalization of £600.44 million, a price-to-earnings ratio of 1,522.22 and a beta of 1.02. The company has a quick ratio of 2.24, a current ratio of 2.44 and a debt-to-equity ratio of 12.51. The company has a 50 day simple moving average of GBX 570.35 and a 200 day simple moving average of GBX 656.83.

FDM Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 17 ($0.21) per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a yield of 2.76%. FDM Group’s dividend payout ratio is presently 10,000.00%.

Insiders Place Their Bets

In related news, insider Michael (Mike) McLaren bought 96 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of GBX 518 ($6.48) per share, for a total transaction of £497.28 ($622.30). In related news, insider Michael (Mike) McLaren bought 96 shares of the stock in a transaction dated Friday, August 11th. The stock was acquired at an average price of GBX 518 ($6.48) per share, for a total transaction of £497.28 ($622.30). Also, insider Sheila Flavell bought 170 shares of the stock in a transaction dated Wednesday, July 12th. The stock was bought at an average price of GBX 587 ($7.35) per share, with a total value of £997.90 ($1,248.78). 17.80% of the stock is currently owned by insiders.

About FDM Group

FDM Group (Holdings) plc provides information technology (IT) services in the United Kingdom, North America, the Middle East, Africa, rest of Europe, and the Asia Pacific. It is involved in recruiting, training, and deploying its 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.