iomart Group (LON:IOM) Shares Down 6.9% – What’s Next?

iomart Group plc (LON:IOM) dropped 6.9% during trading on Wednesday . The stock traded as low as GBX 16.70 and last traded at GBX 17.95. Approximately 772,870 shares were traded during mid-day trading, an increase of 192% from the average daily volume of 265,063 shares. The stock had previously closed at GBX 19.28.

iomart Group Stock Down 12.3%

The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. The company has a market capitalization of £19.18 million, a P/E ratio of -0.31 and a beta of 0.58. The firm’s 50 day moving average price is GBX 18.52 and its two-hundred day moving average price is GBX 20.75.

iomart Group (LON:IOM) last announced its quarterly earnings data on Wednesday, November 26th. The company reported GBX (1.90) EPS for the quarter. iomart Group had a return on equity of 5.24% and a net margin of 5.07%. Equities research analysts forecast 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).