iomart Group (LON:IOM) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

iomart Group plc (LON:IOM) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 102.13 ($1.26) and traded as low as GBX 71.20 ($0.88). iomart Group shares last traded at GBX 73.80 ($0.91), with a volume of 73,035 shares trading hands.

Analyst Ratings Changes

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

iomart Group Stock Performance

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 company has a market cap of £82.96 million, a P/E ratio of 1,230.00 and a beta of 0.58. The firm has a 50 day moving average price of GBX 84 and a 200-day moving average price of GBX 102.13.

iomart Group Cuts Dividend

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

Insider Buying and Selling at iomart Group

In other iomart Group news, insider Richard Last bought 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The stock was purchased at an average price of GBX 77 ($0.95) per share, for a total transaction of £38,500 ($47,472.26). Also, insider Annette Nabavi purchased 5,500 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of GBX 91 ($1.12) per share, with a total value of £5,005 ($6,171.39). Corporate insiders own 23.15% of the company’s stock.

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).