iomart Group (LON:IOM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

iomart Group plc (LON:IOM) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 126.82 ($1.66) and traded as low as GBX 84 ($1.10). iomart Group shares last traded at GBX 87.20 ($1.14), with a volume of 138,080 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a research report on Friday, October 4th.

iomart Group Stock Up 0.7 %

The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The firm has a market capitalization of £94.42 million, a PE ratio of 1,400.00 and a beta of 0.58. The business’s 50-day moving average price is GBX 113.60 and its 200-day moving average price is GBX 126.39.

iomart Group Company Profile

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.