iomart Group (LON:IOM) Stock Passes Below Two Hundred Day Moving Average of $149.77

iomart Group plc (LON:IOM) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 149.77 ($1.86) and traded as low as GBX 135 ($1.68). iomart Group shares last traded at GBX 135.75 ($1.69), with a volume of 115,381 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Shore Capital reiterated a “buy” rating on shares of iomart Group in a research note on Thursday, April 11th. Numis Securities upgraded iomart Group to a “buy” rating and set a GBX 185 ($2.30) price objective on the stock in a report on Thursday, April 11th.

iomart Group Stock Performance

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 firm’s fifty day moving average price is GBX 141.66 and its 200-day moving average price is GBX 149.58. The firm has a market cap of £150.35 million, a price-to-earnings ratio of 2,233.33 and a beta of 0.50.

iomart Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 26th. Investors of record on Thursday, January 4th were paid a GBX 1.94 ($0.02) dividend. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, January 4th. iomart Group’s dividend payout ratio (DPR) is 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.