iomart Group plc (LON:IOM) Insider Annette Nabavi Acquires 5,500 Shares of Stock

iomart Group plc (LON:IOM) insider Annette Nabavi bought 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of GBX 91 ($1.16) per share, with a total value of £5,005 ($6,359.59).

iomart Group Stock Down 2.2 %

IOM opened at GBX 88 ($1.12) on Thursday. The firm has a 50 day moving average price of GBX 93.53 and a 200 day moving average price of GBX 115.40. The company has a market cap of £98.92 million, a PE ratio of 1,466.67 and a beta of 0.58. iomart Group plc has a 1 year low of GBX 73 ($0.93) and a 1 year high of GBX 166.20 ($2.11). The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03.

iomart Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be given a GBX 1.30 ($0.02) dividend. This represents a yield of 1.38%. The ex-dividend date is Thursday, January 9th. iomart Group’s dividend payout ratio (DPR) is 8,333.33%.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of iomart Group in a research report on Wednesday.

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.