FDM Group (LON:FDM) Hits New 52-Week Low After Analyst Downgrade

FDM Group (Holdings) plc (LON:FDM)’s stock price hit a new 52-week low during trading on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 180 to GBX 160. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. FDM Group traded as low as GBX 112.20 and last traded at GBX 112.60, with a volume of 2361150 shares trading hands. The stock had previously closed at GBX 116.

FDM has been the subject of several other research reports. Shore Capital Group reaffirmed a “house stock” rating on shares of FDM Group in a research report on Wednesday, January 28th. Stifel Nicolaus reduced their target price on shares of FDM Group from GBX 174 to GBX 130 and set a “hold” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, FDM Group presently has an average rating of “Moderate Buy” and an average target price of GBX 145.

FDM Group Stock Performance

The stock’s 50-day moving average price is GBX 142.15 and its 200-day moving average price is GBX 135.15. The company has a current ratio of 2.48, a quick ratio of 2.24 and a debt-to-equity ratio of 38.18. The company has a market capitalization of £123.11 million, a P/E ratio of 7.99 and a beta of 0.89.

FDM Group (LON:FDM) last announced its quarterly earnings data on Wednesday, March 18th. The company reported GBX 10 earnings per share for the quarter. FDM Group had a net margin of 3.19% and a return on equity of 10.20%. As a group, equities analysts expect that FDM Group will post 3132.5302111 EPS for the current year.

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. FDM Group (Holdings) plc was founded in 1991 and is based in London, the United Kingdom.