iomart Group plc (LON:IOM) Insider Buys £38,500 in Stock

iomart Group plc (LON:IOM) insider Richard Last acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was acquired at an average cost of GBX 77 ($0.94) per share, with a total value of £38,500 ($47,002.81).

iomart Group Stock Performance

IOM opened at GBX 77.44 ($0.95) on Monday. The firm has a market cap of £87.05 million, a P/E ratio of 1,290.73 and a beta of 0.58. iomart Group plc has a 1-year low of GBX 71 ($0.87) and a 1-year high of GBX 159.40 ($1.95). The company has a 50 day simple moving average of GBX 86.58 and a two-hundred day simple moving average of GBX 104.50. The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18.

iomart Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be given a GBX 1.30 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s payout ratio is currently 8,333.33%.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Wednesday, December 4th.

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).