iomart Group (LON:IOM) Stock Price Down 8% – Time to Sell?

Shares of iomart Group plc (LON:IOM) were down 8% during trading on Saturday . The stock traded as low as GBX 21.48 ($0.29) and last traded at GBX 22.44 ($0.30). Approximately 757,198 shares changed hands during trading, an increase of 117% from the average daily volume of 348,357 shares. The stock had previously closed at GBX 24.40 ($0.32).

Analyst Upgrades and Downgrades

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

iomart Group Stock Performance

The firm has a market capitalization of £26.43 million, a PE ratio of 4.07 and a beta of 0.58. The business has a 50-day simple moving average of GBX 32.77 and a 200-day simple moving average of GBX 62.99. 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 company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 9th. iomart Group’s payout ratio is 90.68%.

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).