iomart Group plc (LON:IOM - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 113.08 ($1.43) and traded as low as GBX 81 ($1.02). iomart Group shares last traded at GBX 82 ($1.03), with a volume of 31,603 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reissued a "buy" rating on shares of iomart Group in a report on Wednesday, December 4th.
View Our Latest Analysis on IOM
iomart Group Trading Up 2.4 %
The firm has a market cap of £94.42 million, a P/E ratio of 1,400.00 and a beta of 0.58. 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 company's fifty day moving average price is GBX 90.33 and its two-hundred day moving average price is GBX 112.88.
iomart Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.38%. The ex-dividend date is Thursday, January 9th. iomart Group's payout ratio is 8,333.33%.
Insiders Place Their Bets
In other news, insider Annette Nabavi bought 5,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of GBX 91 ($1.15) per share, with a total value of £5,005 ($6,317.05). Insiders own 23.15% of the company's stock.
iomart Group Company Profile
(
Get Free Report)
iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.
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