iomart Group (LON:IOM) Stock Price Down 16.1% – Here’s Why

by · The Cerbat Gem

iomart Group plc (LON:IOM – Get Free Report) was down 16.1% during mid-day trading on Friday . The company traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). Approximately 1,134,147 shares changed hands during mid-day trading, an increase of 257% from the average daily volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of iomart Group in a research note on Friday, February 7th.

Check Out Our Latest Analysis on iomart Group

iomart Group Stock Down 16.1 %

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 stock has a market cap of £31.21 million, a PE ratio of 4.81 and a beta of 0.58. The firm has a fifty day moving average of GBX 34.46 and a 200 day moving average of GBX 66.32.

iomart Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s dividend payout ratio (DPR) is presently 90.68%.

About iomart Group

(Get Free Report)

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).

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