FDM Group (LON:FDM) Shares Cross Below 50 Day Moving Average of $821.38

FDM Group (Holdings) plc (LON:FDMGet Rating) shares crossed 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.

Analyst Upgrades and Downgrades

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

FDM Group Stock Down 1.9 %

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

FDM Group Cuts Dividend

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

Insiders Place Their Bets

In other news, insider Michael (Mike) McLaren bought 56 shares of the stock in a transaction on Thursday, August 11th. The stock was acquired at an average cost of GBX 881 ($10.65) per share, for a total transaction of £493.36 ($596.13).

About FDM Group

(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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