iomart Group (LON:IOM) Hits New 52-Week Low – Should You Sell?

iomart Group plc (LON:IOM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 90.20 ($1.18) and last traded at GBX 92 ($1.20), with a volume of 73764 shares. The stock had previously closed at GBX 95.10 ($1.24).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Friday, October 4th.

iomart Group Trading Down 3.4 %

The firm’s 50-day simple moving average is GBX 117.44 and its 200 day simple moving average is GBX 128.46. The stock has a market cap of £97.12 million, a P/E ratio of 1,490.00 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.

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.