iomart Group (LON:IOM) Receives Buy Rating from Shore Capital

iomart Group (LON:IOM - Get Free Report)'s stock had its "buy" rating reissued by research analysts at Shore Capital in a report released on Wednesday, MarketBeat reports.

iomart Group Price Performance

IOM stock traded down GBX 2 ($0.03) during trading on Wednesday, hitting GBX 88 ($1.12). 63,110 shares of the company's stock traded hands, compared to its average volume of 194,424. iomart Group has a 52 week low of GBX 73 ($0.93) and a 52 week high of GBX 166.20 ($2.11). 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 business has a fifty day simple moving average of GBX 93.95 and a 200 day simple moving average of GBX 115.78. The stock has a market capitalization of £98.92 million, a price-to-earnings ratio of 1,490.00 and a beta of 0.58.

Insider Transactions at iomart Group

In related news, insider Annette Nabavi acquired 5,500 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of GBX 91 ($1.16) per share, for a total transaction of £5,005 ($6,359.59). Company insiders own 23.15% of the company's stock.

About iomart Group

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.