Iomart Group (LON:IOM) Stock Price Crosses Above 200 Day Moving Average of $0.00

Share on StockTwits

Iomart Group Plc (LON:IOM)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.00 and traded as high as $326.50. Iomart Group shares last traded at $320.00, with a volume of 210,458 shares changing hands.

Several equities research analysts have commented on IOM shares. Shore Capital reaffirmed a “house stock” rating on shares of Judges Scientific in a report on Monday, April 1st. FinnCap reaffirmed a “corporate” rating on shares of Iomart Group in a report on Tuesday, June 11th. Finally, Peel Hunt raised shares of MJ Gleeson to a “hold” rating and upped their price target for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a report on Thursday, July 4th.

The company has a debt-to-equity ratio of 47.24, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $348.28 million and a P/E ratio of 27.59. The business’s fifty day simple moving average is GBX 340.86.

The company also recently announced a dividend, which will be paid on Thursday, September 5th. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 5.01 ($0.07) per share. This is a positive change from Iomart Group’s previous dividend of $2.45. This represents a dividend yield of 1.41%. The ex-dividend date is Thursday, August 15th. Iomart Group’s dividend payout ratio is presently 0.60%.

In other news, insider Scott Cunningham bought 4,000 shares of the stock in a transaction dated Wednesday, June 19th. The shares were acquired at an average cost of GBX 325 ($4.25) per share, with a total value of £13,000 ($16,986.80).

About Iomart Group (LON:IOM)

iomart Group plc provides managed cloud services in the United Kingdom and internationally. It operates through two segments, Cloud Services and Easyspace. The company offers a range of domain names, shared, dedicated and virtual servers, and email services to micro and SME markets. It also provides managed cloud computing facilities and services through a network of owned datacenters to larger SME and corporate markets; and data storage, backup, and virtualization solutions.

Further Reading: Google Finance Portfolio

Receive News & Ratings for Iomart Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iomart Group and related companies with MarketBeat.com's FREE daily email newsletter.