FDM Group (LON:FDM) Receives “House Stock” Rating from Shore Capital

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

FDM Group Trading Up 15.3 %

LON FDM opened at GBX 256 ($3.33) on Wednesday. The company has a market capitalization of £279.48 million, a price-to-earnings ratio of 9.19 and a beta of 0.97. FDM Group has a 12 month low of GBX 211 ($2.74) and a 12 month high of GBX 472 ($6.14). The company’s fifty day moving average price is GBX 240.37 and its two-hundred day moving average price is GBX 317.25. The company has a debt-to-equity ratio of 28.75, a current ratio of 2.31 and a quick ratio of 2.24.

FDM Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 27th. Investors of record on Thursday, March 20th will be paid a dividend of GBX 22 ($0.29) per share. The ex-dividend date of this dividend is Thursday, March 20th. This is a boost from FDM Group’s previous dividend of $10.00. This represents a yield of 3.23%. FDM Group’s dividend payout ratio (DPR) is 104.05%.

Insiders Place Their Bets

In other FDM Group news, insider Michael (Mike) McLaren purchased 225 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of GBX 221 ($2.87) per share, with a total value of £497.25 ($646.87). Also, insider Sheila Flavell acquired 338 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was acquired at an average cost of GBX 295 ($3.84) per share, with a total value of £997.10 ($1,297.13). Over the last three months, insiders have acquired 775 shares of company stock valued at $199,255. Company 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.