iomart Group (LON:IOM) Trading Down 16.1% – Time to Sell?

iomart Group plc (LON:IOM)’s stock price was down 16.1% during trading 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 mid-day 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).

Analysts Set New Price Targets

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

iomart Group Trading Down 16.1 %

The firm has a market capitalization of £31.21 million, a price-to-earnings 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’s 50 day moving average is GBX 34.09 and its 200 day moving average is GBX 65.51.

iomart Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued 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 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).