iomart Group (LON:IOM) Stock Price Down 8% – Should You Sell?

iomart Group plc (LON:IOM)’s stock price fell 8% on Saturday . The company traded as low as GBX 21.48 ($0.29) and last traded at GBX 22.44 ($0.30). 757,198 shares changed hands 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).

Analysts Set New Price Targets

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

iomart Group Trading Down 8.0 %

The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The stock has a market capitalization of £26.43 million, a P/E ratio of 4.07 and a beta of 0.58. The stock has a 50-day moving average price of GBX 32.77 and a two-hundred day moving average price of GBX 62.99.

iomart Group Cuts Dividend

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