iomart Group (LON:IOM) Shares Up 16.6% – Should You Buy?

iomart Group plc (LON:IOM) rose 16.6% on Thursday . The company traded as high as GBX 21.08 and last traded at GBX 20. Approximately 745,592 shares traded hands during mid-day trading, an increase of 330% from the average daily volume of 173,491 shares. The stock had previously closed at GBX 17.15.

iomart Group Trading Up 19.0%

The firm has a 50-day moving average of GBX 19.94 and a 200-day moving average of GBX 21.70. 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 firm has a market capitalization of £23.16 million, a P/E ratio of -0.38 and a beta of 0.58.

iomart Group (LON:IOM) last announced its quarterly earnings data on Wednesday, November 26th. The company reported GBX (1.90) earnings per share for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.24%. On average, equities research analysts anticipate that iomart Group plc will post 7.45 EPS for the current fiscal year.

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).