iomart Group (LON:IOM) Shares Down 16.1% – What’s Next?

iomart Group plc (LON:IOM) shares were down 16.1% during trading on Thursday . The company traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). Approximately 1,134,147 shares changed hands during trading, an increase of 257% from the average daily volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).

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 Stock Performance

The stock has a market capitalization of £31.21 million, a P/E ratio of 4.81 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 firm has a 50-day moving average of GBX 34.87 and a 200 day moving average of GBX 66.93.

iomart Group Cuts Dividend

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

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).