iomart Group plc (LON:IOM - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 134.14 ($1.76) and traded as low as GBX 123 ($1.62). iomart Group shares last traded at GBX 127 ($1.67), with a volume of 24,133 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a GBX 185 ($2.43) target price on shares of iomart Group in a research report on Monday, June 10th. Shore Capital restated a "buy" rating on shares of iomart Group in a report on Friday, June 7th.
Check Out Our Latest Stock Analysis on IOM
iomart Group Price Performance
The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The company's 50 day moving average price is GBX 125.46 and its 200-day moving average price is GBX 134.14. The company has a market cap of £140.48 million, a price-to-earnings ratio of 2,083.33 and a beta of 0.60.
iomart Group Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, September 9th. Shareholders of record on Thursday, August 15th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, August 15th. This represents a dividend yield of 2.08%. This is a boost from iomart Group's previous dividend of $1.94. iomart Group's dividend payout ratio is currently 8,333.33%.
iomart Group Company Profile
(
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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.
Further Reading
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