iomart Group (LON:IOM) Stock Passes Below 200-Day Moving Average – Here’s What Happened

iomart Group plc (LON:IOMGet Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 102.13 ($1.26) and traded as low as GBX 71.20 ($0.88). iomart Group shares last traded at GBX 73.80 ($0.91), with a volume of 73,035 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Wednesday, December 4th.

Check Out Our Latest Report on iomart Group

iomart Group Price Performance

The company has a market cap of £79.81 million, a price-to-earnings ratio of 1,183.33 and a beta of 0.58. The company has a 50-day simple moving average of GBX 83.52 and a 200-day simple moving average of GBX 101.78. 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 (LON:IOMGet Free Report) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) earnings per share for the quarter. iomart Group had a return on equity of 5.28% and a net margin of 5.07%. As a group, research analysts predict that iomart Group plc will post 7.45 earnings per share for the current year.

iomart Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s dividend payout ratio is presently 8,333.33%.

Insider Buying and Selling

In other news, insider Richard Last bought 50,000 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were bought at an average cost of GBX 77 ($0.95) per share, for a total transaction of £38,500 ($47,396.28). Also, insider Annette Nabavi bought 5,500 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of GBX 91 ($1.12) per share, for a total transaction of £5,005 ($6,161.52). 23.15% of the stock is owned by insiders.

About iomart Group

(Get Free Report)

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).

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