iomart Group (LON:IOM) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

iomart Group plc (LON:IOM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 25.81 ($0.34) and traded as low as GBX 20.30 ($0.27). iomart Group shares last traded at GBX 21.52 ($0.29), with a volume of 172,146 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of iomart Group in a research note on Monday, July 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, iomart Group has a consensus rating of “Buy”.

iomart Group Stock Up 6.0%

The stock has a market capitalization of £24.27 million, a P/E ratio of -43.91 and a beta of 0.58. 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 stock’s fifty day moving average is GBX 20.90 and its two-hundred day moving average is GBX 25.81.

iomart Group (LON:IOM) last issued its earnings results on Thursday, July 24th. The company reported GBX 3.40 earnings per share for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.24%. As a group, research analysts predict that iomart Group plc will post 7.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Karyn Lamont acquired 53,000 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The stock was purchased at an average price of GBX 18 per share, with a total value of £9,540. Corporate insiders own 22.95% 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).