iomart Group (LON:IOM) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of iomart Group plc (LON:IOM) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 25.29 ($0.34) and traded as low as GBX 19 ($0.25). iomart Group shares last traded at GBX 19.60 ($0.26), with a volume of 164,913 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of iomart Group in a report on Monday, July 28th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

iomart Group Trading Down 1.1%

The firm has a market capitalization of £21.87 million, a price-to-earnings ratio of -0.40 and a beta of 0.58. The company has a fifty day moving average price of GBX 20.44 and a two-hundred day moving average price of GBX 25.29. 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 (LON:IOM) last issued its earnings results on Thursday, July 24th. The company reported GBX 3.40 earnings per share for the quarter. iomart Group had a return on equity of 5.24% and a net margin of 5.07%. As a group, research analysts forecast that iomart Group plc will post 7.45 earnings per share for the current fiscal year.

Insider Buying and Selling at iomart Group

In related news, insider Karyn Lamont bought 53,000 shares of the stock in a transaction dated Friday, October 3rd. The shares were acquired at an average cost of GBX 18 per share, for a total transaction of £9,540. 22.95% of the stock is currently owned by corporate insiders.

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).