iomart Group (LON:IOM) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

iomart Group plc (LON:IOM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 18.08 and traded as high as GBX 22.30. iomart Group shares last traded at GBX 20.50, with a volume of 714,910 shares.

iomart Group Trading Up 0.4%

The company has a fifty day simple moving average of GBX 14.29 and a 200-day simple moving average of GBX 18.08. The company has a current ratio of 0.87, a quick ratio of 1.18 and a debt-to-equity ratio of 196.45. The stock has a market cap of £23.39 million, a price-to-earnings ratio of -0.38 and a beta of 0.45.

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).