iomart Group (LON:IOM) Shares Pass Below 200 Day Moving Average of $149.77

iomart Group plc (LON:IOM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 149.77 ($1.86) and traded as low as GBX 135 ($1.68). iomart Group shares last traded at GBX 135.75 ($1.69), with a volume of 115,381 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IOM shares. Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a report on Thursday, April 11th. Numis Securities raised shares of iomart Group to a “buy” rating and set a GBX 185 ($2.30) price target for the company in a report on Thursday, April 11th.

iomart Group Stock Performance

The stock’s 50-day moving average is GBX 141.72 and its 200-day moving average is GBX 149.77. The firm has a market capitalization of £152.31 million, a price-to-earnings ratio of 2,262.50 and a beta of 0.50. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 47.97.

iomart Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 26th. Investors of record on Thursday, January 4th were given a dividend of GBX 1.94 ($0.02) per share. This represents a yield of 1.26%. The ex-dividend date was Thursday, January 4th. iomart Group’s dividend payout ratio is 8,333.33%.

About iomart Group

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.