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iomart Group (LON:IOM) Stock Price Crosses Below 200-Day Moving Average - Here's Why

iomart Group logo with Computer and Technology background

Shares of iomart Group plc (LON:IOM - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 119.65 ($1.54) and traded as low as GBX 95.84 ($1.23). iomart Group shares last traded at GBX 97 ($1.25), with a volume of 88,312 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a "buy" rating on shares of iomart Group in a report on Friday, October 4th.

Get Our Latest Stock Report on IOM

iomart Group Stock Performance

The firm has a fifty day moving average price of GBX 99.87 and a 200 day moving average price of GBX 119.65. 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 firm has a market cap of £109.04 million, a PE ratio of 1,635.40 and a beta of 0.58.

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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