iomart Group plc (LON:IOM) Insider Buys £38,500 in Stock

iomart Group plc (LON:IOM) insider Richard Last bought 50,000 shares of the company’s stock in a transaction that occurred on Thursday, January 9th. The shares were bought at an average price of GBX 77 ($0.94) per share, with a total value of £38,500 ($47,002.81).

iomart Group Price Performance

iomart Group stock opened at GBX 77.44 ($0.95) on Monday. The company has a market cap of £87.05 million, a price-to-earnings ratio of 1,290.73 and a beta of 0.58. The firm’s fifty day moving average is GBX 86.58 and its 200 day moving average is GBX 104.50. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. iomart Group plc has a 52-week low of GBX 71 ($0.87) and a 52-week high of GBX 159.40 ($1.95).

iomart Group Cuts Dividend

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

Wall Street Analyst Weigh In

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

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).