iomart Group (LON:IOM) Share Price Passes Below 200-Day Moving Average of $149.77

iomart Group plc (LON:IOM)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Numis Securities upgraded shares of iomart Group to a “buy” rating and set a GBX 185 ($2.30) price objective on the stock in a research report on Thursday, April 11th. Shore Capital reissued a “buy” rating on shares of iomart Group in a research report on Thursday, April 11th.

iomart Group Stock Down 1.3 %

The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 47.97. The firm has a market capitalization of £150.35 million, a PE ratio of 2,233.33 and a beta of 0.50. The business’s 50-day moving average price is GBX 141.66 and its 200-day moving average price is GBX 149.58.

iomart Group Cuts Dividend

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