iomart Group (LON:IOM) Shares Down 16.1% – Should You Sell?

iomart Group plc (LON:IOM)’s stock price was down 16.1% on Thursday . The company traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). Approximately 1,134,147 shares were traded during trading, an increase of 257% from the average daily volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).

Wall Street Analyst Weigh In

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

iomart Group Price Performance

The company’s 50-day simple moving average is GBX 34.87 and its 200 day simple moving average is GBX 66.93. The stock has a market capitalization of £31.21 million, a price-to-earnings ratio of 4.81 and a beta of 0.58. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08.

iomart Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors 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 (DPR) is currently 90.68%.

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).