iomart Group (LON:IOM) Shares Pass Below 200-Day Moving Average – What’s Next?

iomart Group plc (LON:IOM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 17.83 and traded as low as GBX 17. iomart Group shares last traded at GBX 17, with a volume of 38,746 shares traded.

iomart Group Price Performance

The company has a debt-to-equity ratio of 196.45, a quick ratio of 1.18 and a current ratio of 0.87. The company has a market cap of £19.31 million, a price-to-earnings ratio of -0.32 and a beta of 0.88. The business has a fifty day moving average price of GBX 16.04 and a 200 day moving average price of GBX 17.83.

About iomart Group

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).