iomart Group (LON:IOM) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

iomart Group plc (LON:IOM - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

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

iomart Group Stock Down 1.1 %

The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. The business has a 50-day moving average price of GBX 84 and a 200-day moving average price of GBX 102.13. The firm has a market cap of £82.06 million, a P/E ratio of 1,216.67 and a beta of 0.58.

iomart Group (LON:IOM - Get Free Report) last issued its quarterly earnings data on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) EPS for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.28%. On average, equities analysts forecast that iomart Group plc will post 7.45 EPS for the current fiscal year.

iomart Group Cuts Dividend

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

Insider Activity at iomart Group

In other news, insider Richard Last bought 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 9th. The shares were purchased at an average price of GBX 77 ($0.95) per share, for a total transaction of £38,500 ($47,472.26). Also, insider Annette Nabavi purchased 5,500 shares of iomart Group stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average cost of GBX 91 ($1.12) per share, with a total value of £5,005 ($6,171.39). 23.15% of the stock is currently owned by corporate insiders.

iomart Group Company Profile

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).