iomart Group plc (LON:IOM) Insider Richard Last Purchases 50,000 Shares

iomart Group plc (LON:IOM - Get Free Report) insider Richard Last purchased 50,000 shares of the stock in a transaction on Thursday, January 9th. The stock was acquired at an average cost of GBX 77 ($0.94) per share, with a total value of £38,500 ($47,008.55).

iomart Group Stock Performance

Shares of iomart Group stock traded up GBX 1.44 ($0.02) on Friday, reaching GBX 77.44 ($0.95). 52,419 shares of the stock were exchanged, compared to its average volume of 74,514. The business has a 50 day moving average price of GBX 86.80 and a two-hundred day moving average price of GBX 104.69. The firm has a market capitalization of £87.05 million, a price-to-earnings ratio of 1,290.73 and a beta of 0.58. iomart Group plc has a twelve month low of GBX 71 ($0.87) and a twelve month high of GBX 159.40 ($1.95). The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08.

iomart Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid 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 payout ratio is currently 8,333.33%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "buy" rating on shares of iomart Group in a research note on Wednesday, December 4th.

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).