iomart Group (LON:IOM) Shares Pass Below 200 Day Moving Average of $149.77

iomart Group plc (LON:IOM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IOM. Shore Capital reiterated a “buy” rating on shares of iomart Group in a research report on Thursday, April 11th. Numis Securities upgraded shares of iomart Group to a “buy” rating and set a GBX 185 ($2.30) price objective for the company in a report on Thursday, April 11th.

iomart Group Trading Down 0.9 %

The stock has a market capitalization of £152.31 million, a P/E ratio of 2,262.50 and a beta of 0.50. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 47.97. The stock’s fifty day moving average price is GBX 141.72 and its two-hundred day moving average price is GBX 149.77.

iomart Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 26th. Stockholders of record on Thursday, January 4th were issued a GBX 1.94 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a dividend 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.