iomart Group (LON:IOM) Stock Price Up 6.9% – Still a Buy?

iomart Group plc (LON:IOM) shares shot up 6.9% on Tuesday . The company traded as high as GBX 39.90 ($0.50) and last traded at GBX 38.05 ($0.48). 808,822 shares changed hands during trading, an increase of 170% from the average session volume of 299,149 shares. The stock had previously closed at GBX 35.60 ($0.45).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a report on Friday, February 7th.

iomart Group Stock Performance

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 stock’s 50-day simple moving average is GBX 65.28 and its 200 day simple moving average is GBX 89.78. The stock has a market capitalization of £44.81 million, a P/E ratio of 6.90 and a beta of 0.58.

iomart Group (LON:IOM) last released its quarterly earnings data on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) EPS for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.24%. Research analysts expect that iomart Group plc will post 7.45 EPS for the current fiscal year.

iomart Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s payout ratio is presently 90.68%.

Insider Activity

In other iomart Group news, insider Richard Last bought 50,000 shares of iomart Group stock in a transaction dated Thursday, January 9th. The stock was bought at an average price of GBX 77 ($0.97) per share, with a total value of £38,500 ($48,586.57). Also, insider Annette Nabavi purchased 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of GBX 91 ($1.15) per share, with a total value of £5,005 ($6,316.25). 23.15% of the stock is currently owned by company 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).