iomart Group (LON:IOM) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Posted by ABMN Staff on Dec 21st, 2024

iomart Group plc (LON:IOM – Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 110.80 ($1.39) and traded as low as GBX 72 ($0.90). iomart Group shares last traded at GBX 75 ($0.94), with a volume of 146,363 shares changing hands.

Analysts Set New Price Targets

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

View Our Latest Analysis on iomart Group

iomart Group Stock Performance

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 company has a market capitalization of £84.31 million, a PE ratio of 1,250.00 and a beta of 0.58. The firm’s 50-day simple moving average is GBX 89.19 and its 200-day simple moving average is GBX 110.80.

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 GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s payout ratio is 8,333.33%.

Insiders Place Their Bets

In other iomart Group news, insider Annette Nabavi acquired 5,500 shares of iomart Group stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of GBX 91 ($1.14) per share, with a total value of £5,005 ($6,290.06). 23.15% of the stock is currently owned by company insiders.

About iomart Group

(Get Free Report)

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).