FDM Group (LON:FDM) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

FDM Group (Holdings) plc (LON:FDM)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 133.62 and traded as high as GBX 140.20. FDM Group shares last traded at GBX 140, with a volume of 108,823 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on FDM shares. Shore Capital reissued a “house stock” rating on shares of FDM Group in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft lowered their target price on FDM Group from GBX 275 to GBX 145 and set a “hold” rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 145.

FDM Group Trading Up 1.0%

The firm has a 50 day moving average of GBX 133.62 and a 200 day moving average of GBX 160.80. The firm has a market cap of £154.38 million, a PE ratio of 10.03 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.

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.