iomart Group (LON:IOM) Trading Down 16.1% – Here’s Why

iomart Group plc (LON:IOM) traded down 16.1% on Friday . The stock traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). 1,134,147 shares were traded during 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).

Analyst Upgrades and Downgrades

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

iomart Group Trading Down 16.1 %

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 market cap of £31.21 million, a PE ratio of 4.81 and a beta of 0.58. The company’s 50 day moving average price is GBX 34.09 and its two-hundred day moving average price is GBX 65.51.

iomart Group Cuts Dividend

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