iomart Group (LON:IOM) Shares Pass Below 200-Day Moving Average – Here’s What Happened

iomart Group plc (LON:IOM) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 16.52 and traded as low as GBX 12.95. iomart Group shares last traded at GBX 13, with a volume of 106,147 shares.

iomart Group Price Performance

The firm has a market capitalization of £14.77 million, a PE ratio of -1.60 and a beta of 0.87. The company has a debt-to-equity ratio of 216.82, a quick ratio of 1.18 and a current ratio of 0.92. The business’s 50 day moving average is GBX 17.70 and its two-hundred day moving average is GBX 16.52.

iomart Group (LON:IOM) last posted its earnings results on Wednesday, June 24th. The company reported GBX (8.10) earnings per share (EPS) for the quarter. The company had revenue of £154.88 million for the quarter. iomart Group had a negative return on equity of 16.28% and a negative net margin of 5.92%. Equities research analysts anticipate that iomart Group plc will post 7.45 earnings per share 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).