iomart Group (LON:IOM) Stock Price Up 6.9% – Still a Buy?

iomart Group plc (LON:IOM)’s stock price rose 6.9% on Tuesday . The company traded as high as GBX 39.90 ($0.50) and last traded at GBX 38.05 ($0.48). Approximately 808,822 shares traded hands during mid-day trading, an increase of 170% from the average daily volume of 299,149 shares. The stock had previously closed at GBX 35.60 ($0.45).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of iomart Group in a report on Friday, February 7th.

iomart Group Trading Up 6.9 %

The stock has a market cap of £44.81 million, a price-to-earnings ratio of 6.90 and a beta of 0.58. The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The company’s 50 day simple moving average is GBX 65.28 and its two-hundred day simple moving average is GBX 89.78.

iomart Group (LON:IOM) last posted its earnings results on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) EPS for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.24%. Research analysts expect that iomart Group plc will post 7.45 EPS for the current fiscal year.

iomart Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were issued a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.38%. The ex-dividend date was Thursday, January 9th. iomart Group’s dividend payout ratio is currently 90.68%.

Insider Buying and Selling at iomart Group

In other iomart Group news, insider Annette Nabavi acquired 5,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of GBX 91 ($1.15) per share, for a total transaction of £5,005 ($6,316.25). Also, insider Richard Last acquired 50,000 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was acquired at an average price of GBX 77 ($0.97) per share, with a total value of £38,500 ($48,586.57). Insiders own 23.15% of the company’s stock.

iomart Group Company Profile

iomart Group plc (AIM: IOM) is one of the UK’s leading provider of secure cloud managed services, simplifying the complexities of modern technology for businesses. Our team of 650+ experts deliver cutting-edge solutions in cloud infrastructure, modern workplace management, and managed security services that enable our customers to innovate, protect, and scale their businesses.

We proudly hold one of the UK’s most extensive sets of Microsoft credentials, including Azure Expert MSP, five Solution Partner Designations, and membership in Microsoft’s Intelligent Security Association (MISA).