iomart Group (LON:IOM) Shares Down 3% – Should You Sell?

iomart Group plc (LON:IOM) traded down 3% during trading on Wednesday . The company traded as low as GBX 24.70 ($0.33) and last traded at GBX 25.70 ($0.34). 745,635 shares changed hands during trading, an increase of 131% from the average session volume of 322,879 shares. The stock had previously closed at GBX 26.50 ($0.35).

Analyst Ratings Changes

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

iomart Group Price Performance

The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18. The firm has a market capitalization of £30.62 million, a P/E ratio of 4.72 and a beta of 0.58. The stock’s fifty day simple moving average is GBX 33.49 and its 200 day simple moving average is GBX 64.52.

iomart Group Cuts Dividend

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

iomart Group Company Profile

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).