iomart Group (LON:IOM) Sets New 1-Year Low at $122.00

iomart Group plc (LON:IOM)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 122 ($1.56) and last traded at GBX 123 ($1.58), with a volume of 94608 shares traded. The stock had previously closed at GBX 128 ($1.64).

Analyst Ratings Changes

A number of equities analysts have recently commented on IOM shares. Numis Securities raised shares of iomart Group to a “buy” rating and set a GBX 185 ($2.37) price objective for the company in a report on Thursday, April 11th. Shore Capital reiterated a “buy” rating on shares of iomart Group in a research report on Friday, June 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 185 ($2.37) target price on shares of iomart Group in a research report on Monday, June 10th.

iomart Group Stock Down 1.8 %

The firm has a market cap of £138.86 million, a price-to-earnings ratio of 2,075.00 and a beta of 0.52. The company has a debt-to-equity ratio of 47.97, a quick ratio of 1.18 and a current ratio of 1.09. The business’s 50-day moving average is GBX 133.74 and its 200-day moving average is GBX 140.34.

iomart Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, September 9th. Shareholders of record on Thursday, August 15th will be given a GBX 3 ($0.04) dividend. This represents a yield of 2.08%. The ex-dividend date is Thursday, August 15th. This is a boost from iomart Group’s previous dividend of $1.94. iomart Group’s dividend payout ratio (DPR) is presently 8,333.33%.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.