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

Shore Capital reissued their buy rating on shares of iomart Group (LON:IOM) in a report published on Wednesday, MarketBeat reports.

iomart Group Stock Performance

IOM stock opened at GBX 83 ($1.06) on Wednesday. The stock’s 50 day simple moving average is GBX 92.47 and its 200 day simple moving average is GBX 114.76. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. iomart Group has a 12-month low of GBX 73 ($0.93) and a 12-month high of GBX 166.20 ($2.12). The stock has a market capitalization of £93.30 million, a PE ratio of 1,383.33 and a beta of 0.58.

iomart Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 9th will be given a dividend of GBX 1.30 ($0.02) per share. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.38%. iomart Group’s dividend payout ratio (DPR) is presently 8,333.33%.

Insiders Place Their Bets

In related news, insider Annette Nabavi bought 5,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of GBX 91 ($1.16) per share, with a total value of £5,005 ($6,380.67). 23.15% of the stock is owned by insiders.

iomart Group Company Profile

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.