iomart Group plc (LON:IOM) Insider Richard Last Purchases 50,000 Shares

iomart Group plc (LON:IOM) insider Richard Last purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were acquired at an average cost of GBX 77 ($0.94) per share, for a total transaction of £38,500 ($47,008.55).

iomart Group Price Performance

IOM opened at GBX 77.44 ($0.95) on Friday. The business has a fifty day moving average of GBX 86.80 and a 200 day moving average of GBX 104.69. The stock has a market cap of £87.05 million, a P/E ratio of 1,290.73 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. iomart Group plc has a 52-week low of GBX 71 ($0.87) and a 52-week high of GBX 159.40 ($1.95).

iomart Group Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a report on Wednesday, December 4th.

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).