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iomart Group (LON:IOM) Hits New 12-Month Low - What's Next?

iomart Group logo with Computer and Technology background

iomart Group plc (LON:IOM - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 79.04 ($1.03) and last traded at GBX 80.20 ($1.04), with a volume of 288823 shares. The stock had previously closed at GBX 85 ($1.10).

Analysts Set New Price Targets

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

Read Our Latest Research Report on IOM

iomart Group Stock Performance

The company has a fifty day moving average price of GBX 108.65 and a two-hundred day moving average price of GBX 123.64. 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 company has a market capitalization of £90.15 million, a P/E ratio of 1,336.67 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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