iomart Group (LON:IOM) Given “Buy” Rating at Shore Capital

Shore Capital reissued their buy rating on shares of iomart Group (LON:IOM) in a research report report published on Thursday morning, Marketbeat reports.

iomart Group Stock Down 0.6 %

IOM stock opened at GBX 136.12 ($1.72) on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.09 and a debt-to-equity ratio of 47.97. The firm has a market capitalization of £152.73 million, a PE ratio of 2,283.33 and a beta of 0.51. iomart Group has a twelve month low of GBX 120 ($1.52) and a twelve month high of GBX 193.60 ($2.45). The stock has a 50-day simple moving average of GBX 142.62 and a two-hundred day simple moving average of GBX 150.66.

iomart Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 26th. Shareholders of record on Thursday, January 4th were issued a dividend of GBX 1.94 ($0.02) per share. This represents a yield of 1.26%. The ex-dividend date of this dividend was Thursday, January 4th. iomart Group’s payout ratio is presently 8,333.33%.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.