iomart Group (LON:IOM) Stock Price Down 7.6% – Here’s Why

iomart Group plc (LON:IOM) shares traded down 7.6% on Thursday . The company traded as low as GBX 29 ($0.39) and last traded at GBX 29.20 ($0.39). 263,156 shares traded hands during trading, a decline of 14% from the average session volume of 305,856 shares. The stock had previously closed at GBX 31.60 ($0.42).

Analyst Ratings Changes

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

iomart Group Price Performance

The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The company’s fifty day moving average price is GBX 34.46 and its 200 day moving average price is GBX 66.32. The company has a market capitalization of £31.21 million, a P/E ratio of 4.81 and a beta of 0.58.

iomart Group Cuts Dividend

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

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).