iomart Group (LON:IOM) Stock Passes Below 200-Day Moving Average – Here’s What Happened

iomart Group plc (LON:IOM) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 102.13 ($1.26) and traded as low as GBX 71.20 ($0.88). iomart Group shares last traded at GBX 73.80 ($0.91), with a volume of 73,035 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Wednesday, December 4th.

iomart Group Price Performance

The company has a 50 day moving average of GBX 83.52 and a 200 day moving average of GBX 101.78. The stock has a market capitalization of £79.81 million, a price-to-earnings ratio of 1,183.33 and a beta of 0.58. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08.

iomart Group (LON:IOM) last posted 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 5.28%. As a group, equities research analysts forecast that iomart Group plc will post 7.45 EPS for the current fiscal year.

iomart Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s dividend payout ratio (DPR) is presently 8,333.33%.

Insider Activity

In other iomart Group news, insider Richard Last acquired 50,000 shares of the company’s stock in a transaction dated Thursday, January 9th. The stock was bought at an average price of GBX 77 ($0.95) per share, with a total value of £38,500 ($47,396.28). Also, insider Annette Nabavi bought 5,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of GBX 91 ($1.12) per share, for a total transaction of £5,005 ($6,161.52). Corporate insiders own 23.15% of the company’s stock.

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).