iomart Group (LON:IOM) Stock Price Down 8% – Should You Sell?

iomart Group plc (LON:IOM)’s share price was down 8% during mid-day trading on Friday . The stock traded as low as GBX 21.48 ($0.29) and last traded at GBX 22.44 ($0.30). Approximately 757,198 shares were traded during trading, an increase of 117% from the average daily volume of 348,357 shares. The stock had previously closed at GBX 24.40 ($0.32).

Analysts Set New Price Targets

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

iomart Group Stock 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 stock has a market cap of £26.43 million, a P/E ratio of 4.07 and a beta of 0.58. The company has a 50 day simple moving average of GBX 32.77 and a 200-day simple moving average of GBX 63.16.

iomart Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were given 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 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).