iomart Group (LON:IOM) Stock Passes Below 200-Day Moving Average of $170.38

Shares of iomart Group plc (LON:IOMGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 170.38 ($2.09) and traded as low as GBX 168 ($2.06). iomart Group shares last traded at GBX 173.40 ($2.13), with a volume of 41,966 shares changing hands.

Separately, Shore Capital reissued a “buy” rating on shares of iomart Group in a research report on Tuesday, June 14th.

The stock’s fifty day moving average price is GBX 179.91 and its two-hundred day moving average price is GBX 170.49. The firm has a market capitalization of £189.07 million and a price-to-earnings ratio of 2,150.00. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 47.63.

The company also recently disclosed a dividend, which will be paid on Friday, September 2nd. Stockholders of record on Thursday, August 11th will be issued a GBX 3.60 ($0.04) dividend. This represents a dividend yield of 1.93%. This is a positive change from iomart Group’s previous dividend of $2.42. The ex-dividend date of this dividend is Thursday, August 11th. iomart Group’s dividend payout ratio (DPR) is presently 88.75%.

iomart Group Company Profile (LON:IOM)

iomart Group plc provides managed cloud services in the United Kingdom and internationally. It operates through two segments, Cloud Services and Easyspace. The company offers a range of products to the micro and SME markets, including domain names, shared, dedicated and virtual servers, and email services.

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