iomart Group (LON:IOM) Shares Down 8% – Here’s Why

iomart Group plc (LON:IOM)’s stock price traded down 8% during mid-day trading on Saturday . The stock traded as low as GBX 21.48 ($0.29) and last traded at GBX 22.44 ($0.30). 757,198 shares were traded during trading, an increase of 117% from the average session volume of 348,357 shares. The stock had previously closed at GBX 24.40 ($0.32).

Analyst Ratings Changes

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

iomart Group Stock Down 8.0 %

The firm has a market capitalization of £26.43 million, a price-to-earnings ratio of 4.07 and a beta of 0.58. The stock has a fifty day moving average of GBX 32.77 and a two-hundred day moving average of GBX 62.99. 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 business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders 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 (DPR) is 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).