iomart Group (LON:IOM) Stock Price Passes Below 200-Day Moving Average – What’s Next?

iomart Group plc (LON:IOM) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.74 and traded as low as GBX 13.57. iomart Group shares last traded at GBX 13.86, with a volume of 511,265 shares.

iomart Group Stock Performance

The stock’s 50-day moving average price is GBX 18.20 and its 200 day moving average price is GBX 16.72. The firm has a market cap of £15.79 million, a P/E ratio of -0.26 and a beta of 0.85. The company has a debt-to-equity ratio of 216.82, a current ratio of 0.92 and a quick ratio of 1.18.

iomart Group (LON:IOM) last released its earnings results on Wednesday, June 24th. The company reported GBX (8.10) earnings per share for the quarter. iomart Group had a negative net margin of 5.92% and a negative return on equity of 16.28%. The business had revenue of £154.88 million during the quarter. As a group, equities analysts predict that iomart Group plc will post 7.45 EPS for the current year.

About iomart Group

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).