iomart Group plc (LON:IOM – Get Free Report) 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 %
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.
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