iomart Group (LON:IOM) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

iomart Group plc (LON:IOM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 24.71 and traded as high as GBX 27. iomart Group shares last traded at GBX 26.50, with a volume of 311,772 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Monday, July 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, iomart Group has an average rating of “Buy”.

iomart Group Trading Down 1.9%

The company has a market cap of £29.89 million, a price-to-earnings ratio of -0.54 and a beta of 0.58. 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 firm has a fifty day moving average price of GBX 21.26 and a 200 day moving average price of GBX 24.71.

Insiders Place Their Bets

In other iomart Group news, insider Karyn Lamont purchased 53,000 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of GBX 18 per share, with a total value of £9,540. Insiders own 23.53% of the company’s stock.

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).