iomart Group (LON:IOM) Reaches New 12-Month Low at $117.00

iomart Group plc (LON:IOM) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 117 ($1.54) and last traded at GBX 118 ($1.55), with a volume of 40614 shares traded. The stock had previously closed at GBX 119.50 ($1.57).

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IOM. Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.43) price target on shares of iomart Group in a research report on Monday, June 10th.

iomart Group Price Performance

The firm has a market cap of £132.64 million, a PE ratio of 1,991.67 and a beta of 0.58. The stock has a 50 day simple moving average of GBX 125.14 and a two-hundred day simple moving average of GBX 133.90. The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03.

iomart Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 9th. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, August 15th. This is a boost from iomart Group’s previous dividend of $1.94. This represents a yield of 2.08%. iomart Group’s dividend payout ratio is currently 8,333.33%.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.