iomart Group (LON:IOM) Shares Down 16.1% – Time to Sell?

Shares of iomart Group plc (LON:IOM) fell 16.1% during mid-day trading on Friday . The stock traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). Approximately 1,134,147 shares changed hands during mid-day trading, an increase of 257% from the average session volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Friday, February 7th.

iomart Group Stock Performance

The company has a market cap of £31.21 million, a price-to-earnings ratio of 4.81 and a beta of 0.58. The firm’s 50 day simple moving average is GBX 34.09 and its 200-day simple moving average is GBX 65.51. The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03.

iomart Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.38%. iomart Group’s payout ratio is presently 90.68%.

About iomart Group

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).