iomart Group (LON:IOM) Shares Down 8% – What’s Next?

iomart Group plc (LON:IOM) shares fell 8% during mid-day trading on Friday . The stock traded as low as GBX 21.48 ($0.29) and last traded at GBX 22.44 ($0.30). 757,198 shares traded hands during mid-day trading, an increase of 117% from the average session volume of 348,357 shares. The stock had previously closed at GBX 24.40 ($0.32).

Wall Street Analyst Weigh In

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

iomart Group Trading Down 8.0 %

The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The firm has a market capitalization of £26.43 million, a P/E ratio of 4.07 and a beta of 0.58. The firm has a 50 day moving average price of GBX 32.77 and a two-hundred day moving average price of GBX 63.16.

iomart Group Cuts Dividend

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