iomart Group (LON:IOM) Reaches New 52-Week Low at $117.00

iomart Group plc (LON:IOM) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 117 ($1.54) and last traded at GBX 118 ($1.55), with a volume of 40614 shares. The stock had previously closed at GBX 119.50 ($1.57).

Analyst Ratings Changes

IOM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.43) target price on shares of iomart Group in a report on Monday, June 10th. Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a 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 has a market cap of £132.64 million, a P/E ratio of 1,991.67 and a beta of 0.58. The firm’s fifty day moving average is GBX 125.14 and its two-hundred day moving average is GBX 133.90.

iomart Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 9th. Investors of record on Thursday, August 15th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date 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 (DPR) 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.