iomart Group (LON:IOM) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Posted by Grant Hamersma on Dec 22nd, 2024

Shares of iomart Group plc (LON:IOM – Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 110.80 ($1.39) and traded as low as GBX 72 ($0.90). iomart Group shares last traded at GBX 75 ($0.94), with a volume of 146,363 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a report on Wednesday, December 4th.

View Our Latest Stock Report on IOM

iomart Group Trading Up 3.0 %

The stock has a market cap of £84.31 million, a PE ratio of 1,250.00 and a beta of 0.58. 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 firm has a 50-day simple moving average of GBX 89.19 and a 200-day simple moving average of GBX 110.80.

iomart Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 1.38%. iomart Group’s dividend payout ratio is currently 8,333.33%.

Insider Activity

In other news, insider Annette Nabavi purchased 5,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of GBX 91 ($1.14) per share, with a total value of £5,005 ($6,290.06). Company insiders own 23.15% of the company’s stock.

iomart Group Company Profile

(Get Free Report)

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).