iomart Group (LON:IOM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

iomart Group plc (LON:IOM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 24.62 and traded as low as GBX 24.20. iomart Group shares last traded at GBX 24.50, with a volume of 228,312 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of iomart Group in a research report on Monday, July 28th. One analyst has rated the stock with a Buy rating, According to MarketBeat, iomart Group currently has a consensus rating of “Buy”.

iomart Group Stock Up 0.4%

The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. The stock has a market capitalization of £27.75 million, a PE ratio of -0.50 and a beta of 0.58. The stock’s fifty day simple moving average is GBX 20.50 and its 200-day simple moving average is GBX 24.62.

Insider Transactions at iomart Group

In other news, insider Karyn Lamont acquired 53,000 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of GBX 18 per share, with a total value of £9,540. 23.53% of the stock is owned by corporate 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).