iomart Group (LON:IOM) Reaches New 12-Month Low at $97.40

Shares of iomart Group plc (LON:IOM) reached a new 52-week low on Tuesday . The company traded as low as GBX 97.40 ($1.30) and last traded at GBX 104.50 ($1.40), with a volume of 139285 shares. The stock had previously closed at GBX 115 ($1.54).

Analysts Set New Price Targets

Several brokerages have recently weighed in on IOM. Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 185 ($2.47) price target on shares of iomart Group in a research report on Monday, June 10th.

iomart Group Stock Down 9.1 %

The stock has a market cap of £117.47 million, a PE ratio of 1,741.67 and a beta of 0.58. The business has a 50 day moving average of GBX 120.78 and a 200-day moving average of GBX 130.44. 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 Company Profile

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.