iomart Group (LON:IOM) Stock Price Down 20.3% – Time to Sell?

iomart Group plc (LON:IOM) traded down 20.3% during mid-day trading on Tuesday . The company traded as low as GBX 14.20 and last traded at GBX 14.35. 1,773,310 shares traded hands during mid-day trading, an increase of 437% from the average daily volume of 330,193 shares. The stock had previously closed at GBX 18.

iomart Group Stock Down 20.3%

The business has a 50 day simple moving average of GBX 18.12 and a 200 day simple moving average of GBX 17. The company has a market capitalization of £16.30 million, a price-to-earnings ratio of -0.27 and a beta of 0.85. The company has a debt-to-equity ratio of 196.45, a current ratio of 0.87 and a quick ratio of 1.18.

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).