Shore Capital Reiterates Buy Rating for iomart Group (LON:IOM)

iomart Group (LON:IOM)‘s stock had its “buy” rating reissued by Shore Capital in a research report issued to clients and investors on Friday,London Stock Exchange reports.

iomart Group Trading Down 23.1 %

Shares of iomart Group stock traded down GBX 13.75 ($0.17) during trading on Friday, hitting GBX 45.65 ($0.57). The stock had a trading volume of 1,838,623 shares, compared to its average volume of 155,243. The stock has a 50 day simple moving average of GBX 76.32 and a 200 day simple moving average of GBX 97. The company has a market capitalization of £51.32 million, a PE ratio of 760.83 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. iomart Group has a 1 year low of GBX 43 ($0.53) and a 1 year high of GBX 155 ($1.93).

iomart Group (LON:IOM) last announced its quarterly earnings data on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) EPS for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.28%. On average, research analysts expect that iomart Group will post 7.45 EPS for the current fiscal year.

Insider Activity at iomart Group

In other iomart Group news, insider Richard Last bought 50,000 shares of the business’s stock in a transaction on Thursday, January 9th. The shares were bought at an average cost of GBX 77 ($0.96) per share, for a total transaction of £38,500 ($47,879.62). Also, insider Annette Nabavi bought 5,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of GBX 91 ($1.13) per share, for a total transaction of £5,005 ($6,224.35). Corporate insiders own 23.15% of the company’s stock.

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).