iomart Group (LON:IOM) Trading Down 16.1% – Should You Sell?

Shares of iomart Group plc (LON:IOM) were down 16.1% during 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 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 Upgrades and Downgrades

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

iomart Group Price Performance

The company has a market capitalization of £31.21 million, a P/E ratio of 4.81 and a beta of 0.58. The stock’s fifty 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.

iomart Group Cuts Dividend

The firm also recently disclosed 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 dividend yield of 1.38%. iomart Group’s dividend 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).