iomart Group (LON:IOM) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of iomart Group plc (LON:IOM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 25.29 ($0.34) and traded as low as GBX 19 ($0.25). iomart Group shares last traded at GBX 19.60 ($0.26), with a volume of 164,913 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a research report on Monday, July 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

iomart Group Trading Down 1.1%

The company has a market cap of £21.87 million, a PE ratio of -0.40 and a beta of 0.58. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The business has a 50-day simple moving average of GBX 20.44 and a 200-day simple moving average of GBX 25.29.

iomart Group (LON:IOM) last announced its earnings results on Thursday, July 24th. The company reported GBX 3.40 earnings per share (EPS) for the quarter. iomart Group had a return on equity of 5.24% and a net margin of 5.07%. On average, analysts predict that iomart Group plc will post 7.45 EPS for the current fiscal year.

Insider Transactions at iomart Group

In other news, insider Karyn Lamont bought 53,000 shares of the business’s stock in a transaction on Friday, October 3rd. The shares were bought at an average price of GBX 18 per share, with a total value of £9,540. 22.95% of the stock is currently owned by insiders.

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).