iomart Group (LON:IOM) Trading Down 13.8% – Should You Sell?

Shares of iomart Group plc (LON:IOM) dropped 13.8% during mid-day trading on Wednesday . The stock traded as low as GBX 38.04 ($0.49) and last traded at GBX 38.04 ($0.49). Approximately 109,312 shares traded hands during trading, a decline of 66% from the average daily volume of 319,799 shares. The stock had previously closed at GBX 44.15 ($0.57).

Analyst Ratings Changes

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

iomart Group Trading Up 2.4 %

The stock has a market cap of £45.23 million, a price-to-earnings ratio of 6.96 and a beta of 0.58. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The business’s 50 day simple moving average is GBX 60.29 and its 200 day simple moving average is GBX 85.49.

iomart Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were paid a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.38%. The ex-dividend date was Thursday, January 9th. iomart Group’s dividend payout ratio is presently 90.68%.

Insider Transactions at iomart Group

In other iomart Group news, insider Richard Last acquired 50,000 shares of the company’s stock in a transaction on Thursday, January 9th. The stock was acquired at an average price of GBX 77 ($0.99) per share, for a total transaction of £38,500 ($49,613.40). 23.15% of the stock is currently owned by corporate insiders.

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).