iomart Group (LON:IOM) Earns Buy Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of iomart Group (LON:IOM) in a report published on Thursday, Marketbeat Ratings reports.

iomart Group Trading Down 4.4 %

Shares of LON IOM opened at GBX 131 ($1.66) on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 47.97. The stock has a market capitalization of £146.98 million, a PE ratio of 2,183.33 and a beta of 0.50. iomart Group has a twelve month low of GBX 126.03 ($1.60) and a twelve month high of GBX 193.60 ($2.45). The stock has a fifty day simple moving average of GBX 142.31 and a 200-day simple moving average of GBX 150.39.

iomart Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 26th. Stockholders of record on Thursday, January 4th were given a dividend of GBX 1.94 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a dividend yield of 1.26%. iomart Group’s dividend payout ratio is presently 8,333.33%.

iomart Group Company Profile

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.