iomart Group (LON:IOM) Reaches New 52-Week Low – What’s Next?

iomart Group plc (LON:IOM)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 83.20 ($1.09) and last traded at GBX 83.40 ($1.09), with a volume of 37092 shares traded. The stock had previously closed at GBX 87.20 ($1.14).

Wall Street Analysts Forecast Growth

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

iomart Group Trading Down 4.4 %

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 company has a fifty day moving average of GBX 114.36 and a 200-day moving average of GBX 126.82. The firm has a market capitalization of £93.75 million, a PE ratio of 1,390.00 and a beta of 0.58.

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.