iomart Group (LON:IOM) Stock Price Down 16.1% – Should You Sell?

Shares of iomart Group plc (LON:IOM) dropped 16.1% on Friday . The stock traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). Approximately 1,134,147 shares traded 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).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Friday, February 7th.

iomart Group Trading Down 16.1 %

The stock has a market cap of £31.21 million, a PE 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 simple moving average of GBX 34.46 and a 200-day simple moving average of GBX 66.32.

iomart Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were given a dividend of GBX 1.30 ($0.02) per share. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend was Thursday, January 9th. iomart Group’s dividend payout ratio is presently 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).