iomart Group (LON:IOM) Shares Pass Below 200 Day Moving Average of $143.62

iomart Group plc (LON:IOM)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 143.62 ($1.82) and traded as low as GBX 130 ($1.65). iomart Group shares last traded at GBX 131.50 ($1.67), with a volume of 11,811 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on IOM. Numis Securities raised iomart Group to a “buy” rating and set a GBX 185 ($2.35) price objective on the stock in a research note on Thursday, April 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 185 ($2.35) price target on shares of iomart Group in a research report on Monday, June 10th. Finally, Shore Capital restated a “buy” rating on shares of iomart Group in a report on Friday, June 7th.

iomart Group Trading Up 2.7 %

The company’s fifty day moving average is GBX 135.52 and its 200-day moving average is GBX 143.62. The company has a debt-to-equity ratio of 47.97, a current ratio of 1.09 and a quick ratio of 1.18. The company has a market capitalization of £151.48 million, a PE ratio of 2,191.67 and a beta of 0.52.

iomart Group Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, September 9th. Stockholders of record on Thursday, August 15th will be issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from iomart Group’s previous dividend of $1.94. This represents a dividend yield of 2.08%. iomart Group’s dividend payout ratio (DPR) is currently 8,333.33%.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.