iomart Group (LON:IOM) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

iomart Group plc (LON:IOM)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 16.29 and traded as low as GBX 12.53. iomart Group shares last traded at GBX 13, with a volume of 174,235 shares traded.

iomart Group Stock Performance

The firm has a market cap of £14.77 million, a P/E ratio of -1.60 and a beta of 0.87. The stock’s 50 day moving average is GBX 16.78 and its two-hundred day moving average is GBX 16.29. The company has a debt-to-equity ratio of 216.82, a current ratio of 0.92 and a quick ratio of 1.18.

iomart Group (LON:IOM) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX (8.10) EPS for the quarter. iomart Group had a negative return on equity of 16.28% and a negative net margin of 5.92%.The business had revenue of £154.88 million for the quarter. As a group, equities analysts predict that iomart Group plc will post 7.45 EPS for the current year.

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).