iomart Group (LON:IOM) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

iomart Group plc (LON:IOM)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 15.23 and traded as low as GBX 13.44. iomart Group shares last traded at GBX 14.40, with a volume of 273,283 shares trading hands.

iomart Group Trading Up 0.7%

The company has a current ratio of 0.92, a quick ratio of 1.18 and a debt-to-equity ratio of 216.82. The firm has a market capitalization of £16.58 million, a P/E ratio of -1.80 and a beta of 0.86. The business has a 50 day moving average of GBX 13.54 and a 200-day moving average of GBX 15.21.

iomart Group (LON:IOM) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX (8.10) earnings per share for the quarter. The company had revenue of £154.88 million during the quarter. iomart Group had a negative net margin of 5.92% and a negative return on equity of 16.28%. 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).