iomart Group (LON:IOM) Shares Down 20.3% – Here’s What Happened

Shares of iomart Group plc (LON:IOM) dropped 20.3% on Tuesday . The company traded as low as GBX 14.20 and last traded at GBX 14.35. 1,773,310 shares changed hands during mid-day trading, an increase of 437% from the average session volume of 330,193 shares. The stock had previously closed at GBX 18.

iomart Group Stock Performance

The company has a quick ratio of 1.18, a current ratio of 0.92 and a debt-to-equity ratio of 216.82. The stock has a market capitalization of £16.58 million, a PE ratio of -0.27 and a beta of 0.85. The firm has a 50 day moving average price of GBX 18.19 and a 200-day moving average price of GBX 16.94.

iomart Group (LON:IOM) last issued its earnings results on Wednesday, June 24th. The company reported GBX (8.10) EPS for the quarter. iomart Group had a negative net margin of 5.92% and a negative return on equity of 16.28%. The firm had revenue of £154.88 million during the quarter. Research analysts expect that iomart Group plc will post 7.45 EPS for the current fiscal 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).