iomart Group (LON:IOM) Stock Price Down 16.1% – Should You Sell?

iomart Group plc (LON:IOM) shares were down 16.1% on Friday . The company traded as low as GBX 24.81 ($0.33) and last traded at GBX 26.50 ($0.35). Approximately 1,134,147 shares traded hands during trading, an increase of 257% from the average daily volume of 317,316 shares. The stock had previously closed at GBX 31.60 ($0.42).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a research report on Friday, February 7th.

iomart Group Trading Down 16.1 %

The firm’s 50-day simple moving average is GBX 34.09 and its 200 day simple moving average is GBX 65.51. The stock has a market cap of £31.21 million, a P/E ratio of 4.81 and a beta of 0.58. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08.

iomart Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders 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 dividend payout ratio is currently 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).