iomart Group (LON:IOM) Stock Passes Below 200-Day Moving Average – Here’s What Happened

iomart Group plc (LON:IOM)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.74 and traded as low as GBX 13.57. iomart Group shares last traded at GBX 13.86, with a volume of 511,265 shares traded.

iomart Group Stock Down 2.4%

The company has a debt-to-equity ratio of 216.82, a quick ratio of 1.18 and a current ratio of 0.92. The firm has a market cap of £15.75 million, a price-to-earnings ratio of -0.26 and a beta of 0.85. The business’s 50 day moving average price is GBX 18.25 and its 200 day moving average price is GBX 16.74.

iomart Group (LON:IOM) last posted its earnings results on Wednesday, June 24th. The company reported GBX (8.10) earnings per share (EPS) for the quarter. iomart Group had a negative net margin of 5.92% and a negative return on equity of 16.28%. The firm had revenue of £154.88 million during the quarter. On average, equities analysts forecast that iomart Group plc will post 7.45 EPS for the current year.

iomart Group Company Profile

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).