iomart Group (LON:IOM) Trading Down 5.7% – What’s Next?

Shares of iomart Group plc (LON:IOM) traded down 5.7% during trading on Friday . The company traded as low as GBX 58 ($0.72) and last traded at GBX 59.40 ($0.74). 198,826 shares changed hands during trading, an increase of 120% from the average session volume of 90,498 shares. The stock had previously closed at GBX 63 ($0.78).

Analyst Upgrades and Downgrades

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

iomart Group Trading Down 24.4 %

The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18. The company has a market cap of £50.47 million, a price-to-earnings ratio of 748.33 and a beta of 0.58. The business’s fifty day moving average price is GBX 76.32 and its 200 day moving average price is GBX 97.

iomart Group (LON:IOM) last released its quarterly earnings results on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) EPS for the quarter. iomart Group had a return on equity of 5.28% and a net margin of 5.07%. Research analysts anticipate that iomart Group plc will post 7.45 earnings per share for the current fiscal year.

iomart Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 9th. iomart Group’s dividend payout ratio is presently 8,333.33%.

Insiders Place Their Bets

In other iomart Group news, insider Richard Last acquired 50,000 shares of the stock in a transaction dated Thursday, January 9th. The stock was purchased at an average cost of GBX 77 ($0.96) per share, with a total value of £38,500 ($47,879.62). Also, insider Annette Nabavi acquired 5,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of GBX 91 ($1.13) per share, for a total transaction of £5,005 ($6,224.35). Company insiders own 23.15% of the company’s stock.

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).