iomart Group (LON:IOM) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of iomart Group plc (LON:IOM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 15.14 and traded as low as GBX 13.70. iomart Group shares last traded at GBX 13.70, with a volume of 18,781 shares.

iomart Group Stock Performance

The company has a market capitalization of £15.22 million, a price-to-earnings ratio of -1.65 and a beta of 0.88. The company has a current ratio of 0.92, a quick ratio of 1.18 and a debt-to-equity ratio of 216.82. The stock has a 50-day simple moving average of GBX 13.51 and a 200-day simple moving average of GBX 15.12.

iomart Group (LON:IOM) last issued its quarterly earnings results on Wednesday, June 24th. The company reported GBX (8.10) earnings per share (EPS) for the quarter. The company had revenue of £154.88 million during the quarter. iomart Group had a negative return on equity of 16.28% and a negative net margin of 5.92%. On average, analysts anticipate that iomart Group plc will post 7.45 earnings per share for the current year.

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).