iomart Group (LON:IOM) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

iomart Group plc (LON:IOM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 124.06 ($1.61) and traded as low as GBX 86.40 ($1.12). iomart Group shares last traded at GBX 86.40 ($1.12), with a volume of 1,063,691 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of iomart Group in a report on Friday, October 4th.

iomart Group Trading Down 4.0 %

The firm has a 50 day moving average price of GBX 109.43 and a two-hundred day moving average price of GBX 124.06. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The company has a market cap of £97.12 million, a price-to-earnings ratio of 1,440.00 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.