iomart Group (LON:IOM) Stock Price Passes Below 200 Day Moving Average – What’s Next?

iomart Group plc (LON:IOM) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 124.06 ($1.61) and traded as low as GBX 86.40 ($1.12). iomart Group shares last traded at GBX 86.40 ($1.12), with a volume of 1,063,691 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a research report on Friday, October 4th.

iomart Group Stock Down 4.0 %

The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. The stock’s 50-day moving average price is GBX 109.43 and its 200-day moving average price is GBX 124.06. The company has a market cap of £97.12 million, a P/E ratio of 1,440.00 and a beta of 0.58.

iomart Group Company Profile

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.