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

Shares of iomart Group plc (LON:IOM) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 67.18 ($0.89) and traded as low as GBX 29.60 ($0.39). iomart Group shares last traded at GBX 31 ($0.41), with a volume of 82,769 shares.

Wall Street Analyst Weigh In

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

iomart Group Stock Performance

The stock has a market capitalization of £36.51 million, a P/E ratio of 5.62 and a beta of 0.58. The company’s fifty day simple moving average is GBX 35.15 and its 200 day simple moving average is GBX 67.18. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08.

iomart Group Cuts Dividend

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