iomart Group plc (LON:IOM - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 105.47 ($1.30) and traded as low as GBX 75.24 ($0.93). iomart Group shares last traded at GBX 77.40 ($0.96), with a volume of 97,369 shares trading hands.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "buy" rating on shares of iomart Group in a research note on Wednesday, December 4th.
Get Our Latest Report on iomart Group
iomart Group Price Performance
The stock has a market capitalization of £89.25 million, a PE ratio of 1,323.33 and a beta of 0.58. 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 firm's 50 day simple moving average is GBX 87.08 and its 200 day simple moving average is GBX 105.47.
iomart Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a GBX 1.30 ($0.02) dividend. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, January 9th. iomart Group's payout ratio is presently 8,333.33%.
Insiders Place Their Bets
In other news, insider Annette Nabavi acquired 5,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of GBX 91 ($1.12) per share, with a total value of £5,005 ($6,186.65). 23.15% of the stock is currently owned by insiders.
iomart Group Company Profile
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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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