iomart Group (LON:IOM) Shares Pass Below 200 Day Moving Average of $142.57

iomart Group plc (LON:IOM) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 142.57 ($1.81) and traded as low as GBX 125 ($1.59). iomart Group shares last traded at GBX 127 ($1.61), with a volume of 33,521 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 185 ($2.35) price target on shares of iomart Group in a research report on Monday, June 10th. Numis Securities raised iomart Group to a “buy” rating and set a GBX 185 ($2.35) price target for the company in a research note on Thursday, April 11th. Finally, Shore Capital reiterated a “buy” rating on shares of iomart Group in a research note on Friday, June 7th.

iomart Group Price Performance

The business’s fifty day moving average price is GBX 134.80 and its 200 day moving average price is GBX 142.32. The company has a debt-to-equity ratio of 47.97, a current ratio of 1.09 and a quick ratio of 1.18. The stock has a market cap of £143.63 million, a P/E ratio of 2,133.33 and a beta of 0.52.

iomart Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 9th. Investors of record on Thursday, August 15th will be paid a GBX 3 ($0.04) dividend. This is an increase from iomart Group’s previous dividend of $1.94. The ex-dividend date is Thursday, August 15th. This represents a yield of 2.08%. iomart Group’s dividend payout ratio is presently 8,333.33%.

About iomart Group

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.