iomart Group (LON:IOM) Stock Price Passes Below 200-Day Moving Average – Here’s Why

iomart Group plc (LON:IOM) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 126.82 ($1.66) and traded as low as GBX 84 ($1.10). iomart Group shares last traded at GBX 87.20 ($1.14), with a volume of 138,080 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Friday, October 4th.

iomart Group Stock Up 0.7 %

The stock has a market cap of £94.42 million, a price-to-earnings ratio of 1,400.00 and a beta of 0.58. The business has a fifty day moving average of GBX 113.60 and a 200 day moving average of GBX 126.39. The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18.

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.