iomart Group (LON:IOM) Stock Price Down 16.1% – Here’s What Happened

iomart Group plc (LON:IOM) shares were down 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 were traded during trading, an increase of 257% from the average daily volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).

Analyst Ratings Changes

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

iomart Group Trading Down 16.1 %

The business’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 current ratio of 1.03 and a quick ratio of 1.18. The company has a market capitalization of £31.21 million, a price-to-earnings ratio of 4.81 and a beta of 0.58.

iomart Group Cuts Dividend

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

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).