iomart Group (LON:IOM) Shares Up 16.6% – Should You Buy?

iomart Group plc (LON:IOM)’s stock price was up 16.6% during trading on Thursday . The stock traded as high as GBX 21.08 and last traded at GBX 20. Approximately 745,592 shares were traded during trading, an increase of 330% from the average daily volume of 173,491 shares. The stock had previously closed at GBX 17.15.

iomart Group Trading Up 19.0%

The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The company has a market capitalization of £23.16 million, a PE ratio of -0.38 and a beta of 0.58. The stock’s fifty day moving average price is GBX 19.94 and its two-hundred day moving average price is GBX 21.70.

iomart Group (LON:IOM) last announced its earnings results on Wednesday, November 26th. The company reported GBX (1.90) EPS for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.24%. Sell-side analysts anticipate that iomart Group plc will post 7.45 earnings per share for the current year.

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).