iomart Group (LON:IOM) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of iomart Group plc (LON:IOM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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 traded.

Analyst Ratings Changes

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

iomart Group Stock Performance

The stock’s fifty day moving average is GBX 34.46 and its two-hundred day moving average is GBX 66.32. The firm 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 disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.38%. iomart Group’s dividend payout ratio (DPR) is presently 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).