iomart Group (LON:IOM) Hits New 1-Year Low at $118.50

Shares of iomart Group plc (LON:IOM) reached a new 52-week low on Thursday . The stock traded as low as GBX 118.50 ($1.51) and last traded at GBX 125.20 ($1.60), with a volume of 76294 shares. The stock had previously closed at GBX 122 ($1.56).

Analyst Upgrades and Downgrades

IOM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 185 ($2.36) price objective on shares of iomart Group in a report on Monday, June 10th. Shore Capital reiterated a “buy” rating on shares of iomart Group in a research report on Friday, June 7th.

iomart Group Price Performance

The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The company’s 50 day moving average price is GBX 127.52 and its 200-day moving average price is GBX 135.58. The company has a market cap of £140.48 million, a price-to-earnings ratio of 2,083.33 and a beta of 0.60.

iomart Group Increases Dividend

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

iomart Group Company Profile

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.