iomart Group (LON:IOM) Stock Price Down 7.7% – What’s Next?

iomart Group plc (LON:IOM) was down 7.7% during trading on Thursday . The company traded as low as GBX 18.05 and last traded at GBX 18.56. Approximately 379,659 shares changed hands during mid-day trading, an increase of 11% from the average daily volume of 342,308 shares. The stock had previously closed at GBX 20.10.

iomart Group Stock Performance

The stock has a market capitalization of £20.78 million, a PE ratio of -0.34 and a beta of 0.88. The business has a 50 day moving average price of GBX 15.69 and a 200 day moving average price of GBX 18.06. The company has a debt-to-equity ratio of 196.45, a current ratio of 0.87 and a quick ratio of 1.18.

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).