iomart Group (LON:IOM) Sets New 1-Year Low at $110.00

iomart Group plc (LON:IOM) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 110 ($1.45) and last traded at GBX 114 ($1.51), with a volume of 52547 shares changing hands. The stock had previously closed at GBX 115 ($1.52).

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IOM. Shore Capital reiterated a “buy” rating on shares of iomart Group in a report on Friday, June 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.44) price objective on shares of iomart Group in a research report on Monday, June 10th.

iomart Group Trading Down 0.9 %

The business’s fifty day moving average is GBX 123.60 and its 200-day moving average is GBX 132.48. The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The firm has a market cap of £125.34 million, a P/E ratio of 1,858.33 and a beta of 0.58.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.