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

Shares of iomart Group plc (LON:IOM) fell 8% during mid-day trading on Saturday . The stock traded as low as GBX 21.48 ($0.29) and last traded at GBX 22.44 ($0.30). 757,198 shares traded hands during trading, an increase of 117% from the average session 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 report on Friday, February 7th.

iomart Group Price Performance

The firm has a fifty day moving average price of GBX 32.77 and a two-hundred day moving average price of GBX 62.99. 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 capitalization of £26.43 million, a P/E ratio of 4.07 and a beta of 0.58.

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. The ex-dividend date was Thursday, January 9th. This represents a yield of 1.38%. iomart Group’s dividend payout ratio is currently 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).