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iomart Group plc (LON:IOM – Get Free Report) dropped 16.1% on Friday . The stock traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). 1,134,147 shares were traded during mid-day trading, an increase of 257% from the average session volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).
Wall Street Analyst Weigh In
Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Friday, February 7th.
Read Our Latest Stock Report on IOM
iomart Group Stock Performance
The firm has a market capitalization of £31.21 million, a price-to-earnings ratio of 4.81 and a beta of 0.58. 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 firm’s 50-day moving average price is GBX 34.09 and its two-hundred day moving average price is GBX 65.51.
iomart Group Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 9th were issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s payout ratio is presently 90.68%.
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).
See Also
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