iomart Group (LON:IOM) Trading Up 10% – Here’s What Happened

iomart Group plc (LON:IOM)’s share price shot up 10% on Wednesday . The stock traded as high as GBX 21.03 and last traded at GBX 20.85. 1,926,908 shares traded hands during mid-day trading, an increase of 536% from the average session volume of 303,005 shares. The stock had previously closed at GBX 18.95.

iomart Group Stock Performance

The company has a debt-to-equity ratio of 196.45, a current ratio of 0.87 and a quick ratio of 1.18. The firm has a market cap of £23.44 million, a price-to-earnings ratio of -0.38 and a beta of 0.45. The company has a fifty day moving average price of GBX 14.08 and a two-hundred day moving average price of GBX 18.09.

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).