iomart Group (LON:IOM) Shares Pass Below 200 Day Moving Average of $147.24

iomart Group plc (LON:IOM) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 147.24 ($1.85) and traded as low as GBX 125 ($1.57). iomart Group shares last traded at GBX 125 ($1.57), with a volume of 54,598 shares trading hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a report on Thursday, April 11th. Numis Securities raised iomart Group to a “buy” rating and set a GBX 185 ($2.32) target price on the stock in a research note on Thursday, April 11th.

iomart Group Stock Up 2.5 %

The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 47.97. The company’s 50 day moving average is GBX 139.76 and its two-hundred day moving average is GBX 147.24. The company has a market capitalization of £143.79 million, a PE ratio of 2,083.33 and a beta of 0.50.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.