iomart Group (LON:IOM) Stock Passes Above 200 Day Moving Average – What’s Next?

iomart Group plc (LON:IOM)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 18.14 and traded as high as GBX 23.30. iomart Group shares last traded at GBX 22, with a volume of 286,587 shares.

iomart Group Stock Up 6.8%

The company has a debt-to-equity ratio of 196.45, a current ratio of 0.87 and a quick ratio of 1.18. The business has a 50 day moving average price of GBX 14.98 and a 200 day moving average price of GBX 18.14. The firm has a market capitalization of £26.69 million, a P/E ratio of -0.44 and a beta of 0.88.

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).