Insider Buying: iomart Group plc (LON:IOM) Insider Acquires 5,500 Shares of Stock

iomart Group plc (LON:IOM) insider Annette Nabavi acquired 5,500 shares of iomart Group stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of GBX 91 ($1.15) per share, with a total value of £5,005 ($6,341.87).

iomart Group Price Performance

IOM stock traded down GBX 2 ($0.03) during midday trading on Wednesday, reaching GBX 88 ($1.12). The company had a trading volume of 63,110 shares, compared to its average volume of 194,424. The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18. iomart Group plc has a 1 year low of GBX 73 ($0.92) and a 1 year high of GBX 166.20 ($2.11). The company has a market capitalization of £98.92 million, a P/E ratio of 1,490.00 and a beta of 0.58. The firm has a 50-day moving average price of GBX 93.95 and a 200-day moving average price of GBX 115.78.

iomart Group Cuts Dividend

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

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a research note on Wednesday.

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.