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

iomart Group plc (LON:IOM) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 105.47 ($1.30) and traded as low as GBX 75.24 ($0.93). iomart Group shares last traded at GBX 77.40 ($0.95), with a volume of 97,369 shares changing hands.

Wall Street Analysts Forecast Growth

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

iomart Group Trading Down 4.3 %

The firm has a market capitalization of £85.43 million, a P/E ratio of 1,266.67 and a beta of 0.58. The company’s fifty day moving average is GBX 87 and its 200-day moving average is GBX 105.10. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08.

iomart Group Cuts Dividend

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

Insider Activity

In other news, insider Annette Nabavi bought 5,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of GBX 91 ($1.12) per share, for a total transaction of £5,005 ($6,158.48). 23.15% of the stock is owned by insiders.

About iomart Group

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).