iomart Group (LON:IOM) Given Buy Rating at Shore Capital

Shore Capital reiterated their buy rating on shares of iomart Group (LON:IOM) in a report released on Friday morning, MarketBeat.com reports.

iomart Group Trading Down 23.1 %

Shares of IOM stock opened at GBX 45.65 ($0.57) on Friday. The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The stock has a fifty day simple moving average of GBX 76.32 and a two-hundred day simple moving average of GBX 97. The firm has a market capitalization of £51.32 million, a PE ratio of 760.83 and a beta of 0.58. iomart Group has a 52-week low of GBX 43 ($0.53) and a 52-week high of GBX 155 ($1.92).

iomart Group (LON:IOM) last issued its earnings results on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) earnings per share (EPS) for the quarter. iomart Group had a return on equity of 5.28% and a net margin of 5.07%. On average, analysts predict that iomart Group will post 7.45 EPS for the current fiscal year.

iomart Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 9th were paid a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.38%. iomart Group’s payout ratio is 8,333.33%.

Insiders Place Their Bets

In other iomart Group news, insider Richard Last purchased 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 9th. The shares were bought at an average price of GBX 77 ($0.96) per share, with a total value of £38,500 ($47,760.82). Also, insider Annette Nabavi acquired 5,500 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of GBX 91 ($1.13) per share, with a total value of £5,005 ($6,208.91). Corporate insiders own 23.15% of the company’s stock.

iomart Group Company Profile

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).