iomart Group (LON:IOM) Stock Price Passes Below 200 Day Moving Average – Here’s Why

iomart Group plc (LON:IOM) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 113.08 ($1.43) and traded as low as GBX 81 ($1.02). iomart Group shares last traded at GBX 82 ($1.03), with a volume of 31,603 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a report on Wednesday, December 4th.

iomart Group Stock Performance

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 company has a 50 day moving average price of GBX 90.33 and a 200 day moving average price of GBX 112.88. The company has a market capitalization of £94.42 million, a price-to-earnings ratio of 1,400.00 and a beta of 0.58.

iomart Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be paid a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s dividend payout ratio is presently 8,333.33%.

Insider Buying and Selling at iomart Group

In related news, insider Annette Nabavi purchased 5,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of GBX 91 ($1.15) per share, for a total transaction of £5,005 ($6,317.05). Company insiders own 23.15% of the company’s stock.

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.