iomart Group plc (LON:IOM) Insider Richard Last Acquires 50,000 Shares

iomart Group plc (LON:IOM) insider Richard Last bought 50,000 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were purchased at an average cost of GBX 77 ($0.94) per share, with a total value of £38,500 ($47,008.55).

iomart Group Stock Performance

Shares of IOM stock opened at GBX 77.44 ($0.95) on Friday. The firm has a market cap of £87.05 million, a price-to-earnings ratio of 1,290.73 and a beta of 0.58. iomart Group plc has a 52-week low of GBX 71 ($0.87) and a 52-week high of GBX 159.40 ($1.95). 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 company’s 50 day moving average is GBX 86.80 and its 200 day moving average is GBX 104.69.

iomart Group Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 9th will be issued a GBX 1.30 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s dividend payout ratio is presently 8,333.33%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a report on Wednesday, December 4th.

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).