iomart Group plc (LON:IOM – Get 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
iomart Group (LON:IOM – Get 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
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).
Featured Stories
- Five stocks we like better than iomart Group
- How Investors Can Find the Best Cheap Dividend Stocks
- Oracle Announces Game-Changing News for the AI Industry
- How to Calculate Inflation Rate
- Netflix Adds 19 Million Subscribers, Growth Is Far From Over
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Tempus AI: A Game-Changer in AI-Powered Healthcare
Receive News & Ratings for iomart Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iomart Group and related companies with MarketBeat.com's FREE daily email newsletter.