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

iomart Group plc (LON:IOM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 110.80 ($1.39) and traded as low as GBX 72 ($0.90). iomart Group shares last traded at GBX 75 ($0.94), with a volume of 146,363 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “buy” rating on shares of iomart Group in a research report on Wednesday, December 4th.

iomart Group Stock Performance

The firm’s fifty day simple moving average is GBX 89.19 and its 200 day simple moving average is GBX 110.80. The company has a market capitalization of £84.31 million, a PE ratio of 1,250.00 and a beta of 0.58. The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18.

iomart Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s payout ratio is 8,333.33%.

Insider Activity at iomart Group

In other iomart Group news, insider Annette Nabavi acquired 5,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of GBX 91 ($1.14) per share, for a total transaction of £5,005 ($6,290.06). 23.15% of the stock is owned by company insiders.

iomart Group Company Profile

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).