iomart Group (LON:IOM) Stock Price Down 5.7% - Here's What Happened

iomart Group plc (LON:IOM - Get Free Report) fell 5.7% during mid-day trading on Friday . The company traded as low as GBX 58 ($0.72) and last traded at GBX 59.40 ($0.74). 198,826 shares traded hands during trading, an increase of 120% from the average session volume of 90,498 shares. The stock had previously closed at GBX 63 ($0.78).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a "buy" rating on shares of iomart Group in a report on Friday.

iomart Group Stock Up 2.0 %

The firm's 50-day moving average price is GBX 75.45 and its 200 day moving average price is GBX 96.42. The firm has a market capitalization of £52.72 million, a price-to-earnings ratio of 781.67 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.

iomart Group (LON:IOM - Get Free Report) last announced its quarterly earnings results on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) earnings per share for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.28%. Sell-side analysts expect that iomart Group plc will post 7.45 EPS for the current year.

iomart Group Cuts Dividend

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

Insider Buying and Selling

In related news, insider Annette Nabavi purchased 5,500 shares of the company's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of GBX 91 ($1.13) per share, for a total transaction of £5,005 ($6,201.98). Also, insider Richard Last bought 50,000 shares of the company's stock in a transaction that occurred on Thursday, January 9th. The stock was acquired at an average price of GBX 77 ($0.95) per share, for a total transaction of £38,500 ($47,707.56). 23.15% of the stock is currently owned by 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).