FDM Group’s (FDM) House Stock Rating Reiterated at Shore Capital

Shore Capital restated their house stock rating on shares of FDM Group (LON:FDM) in a report published on Wednesday, MarketBeat reports.

FDM Group Price Performance

LON:FDM opened at GBX 252 ($3.25) on Wednesday. FDM Group has a 12 month low of GBX 211 ($2.72) and a 12 month high of GBX 472 ($6.09). The stock has a 50 day moving average of GBX 238.99 and a two-hundred day moving average of GBX 314.97. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 28.75. The firm has a market cap of £275.11 million, a P/E ratio of 9.04 and a beta of 0.97.

FDM Group (LON:FDM) last posted its quarterly earnings data on Thursday, March 20th. The company reported GBX 23 ($0.30) EPS for the quarter. FDM Group had a return on equity of 42.26% and a net margin of 10.34%. On average, analysts expect that FDM Group will post 3132.5302111 earnings per share for the current fiscal year.

FDM Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 5th will be paid a dividend of GBX 12.50 ($0.16) per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a yield of 5%. FDM Group’s dividend payout ratio (DPR) is currently 104.05%.

Insiders Place Their Bets

In related news, insider Michael (Mike) McLaren purchased 225 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of GBX 221 ($2.85) per share, for a total transaction of £497.25 ($642.03). Also, insider Sheila Flavell purchased 338 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was bought at an average price of GBX 295 ($3.81) per share, with a total value of £997.10 ($1,287.41). In the last three months, insiders bought 775 shares of company stock worth $199,255. Corporate insiders own 17.79% of the company’s stock.

FDM Group Company Profile

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.