iomart Group (LON:IOM) Given “Buy” Rating at Shore Capital

Shore Capital restated their buy rating on shares of iomart Group (LON:IOM) in a report issued on Thursday, Marketbeat Ratings reports.

iomart Group Stock Performance

Shares of IOM stock opened at GBX 136.12 ($1.72) on Thursday. The company has a market capitalization of £152.73 million, a P/E ratio of 2,283.33 and a beta of 0.51. The business’s 50 day moving average is GBX 142.62 and its two-hundred day moving average is GBX 150.66. 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 has a 12-month low of GBX 120 ($1.52) and a 12-month high of GBX 193.60 ($2.45).

iomart Group Cuts Dividend

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

iomart Group Company Profile

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.