iomart Group (LON:IOM) Stock Price Down 5.7% – Should You Sell?

iomart Group plc (LON:IOM) dropped 5.7% on Friday . The stock traded as low as GBX 58 ($0.72) and last traded at GBX 59.40 ($0.74). Approximately 198,826 shares traded hands during trading, an increase of 120% from the average daily volume of 90,498 shares. The stock had previously closed at GBX 63 ($0.78).

Analyst Ratings Changes

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

iomart Group Trading Down 24.4 %

The business has a fifty day moving average of GBX 76.32 and a 200-day moving average of GBX 97. 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 has a market capitalization of £50.47 million, a P/E ratio of 748.33 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) earnings per share for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.28%. Analysts anticipate that iomart Group plc will post 7.45 earnings per share for the current fiscal year.

iomart Group Cuts Dividend

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

Insider Transactions at iomart Group

In other news, insider Richard Last purchased 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The shares were acquired at an average cost of GBX 77 ($0.96) per share, for a total transaction of £38,500 ($47,879.62). Also, insider Annette Nabavi acquired 5,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of GBX 91 ($1.13) per share, with a total value of £5,005 ($6,224.35). Company 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).