iomart Group (LON:IOM) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

iomart Group plc (LON:IOM)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 119.65 ($1.54) and traded as low as GBX 95.84 ($1.23). iomart Group shares last traded at GBX 97 ($1.25), with a volume of 88,312 shares trading hands.

Analysts Set New Price Targets

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

iomart Group Price Performance

The stock has a market cap of £110.30 million, a price-to-earnings ratio of 1,616.67 and a beta of 0.58. The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18. The stock’s 50 day simple moving average is GBX 99.87 and its two-hundred day simple moving average is GBX 119.65.

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.