Iomart Group (LON:IOM) Stock Price Passes Below Two Hundred Day Moving Average of $342.72

Shares of Iomart Group Plc (LON:IOM) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $342.72 and traded as low as $367.00. Iomart Group shares last traded at $372.50, with a volume of 47,349 shares trading hands.

Several analysts recently commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 520 ($6.79) target price on shares of Iomart Group in a research note on Tuesday, October 1st. FinnCap reissued a “corporate” rating on shares of Iomart Group in a research note on Tuesday, October 1st. Shore Capital lowered shares of Iomart Group to a “hold” rating in a research note on Tuesday, October 1st. Finally, Peel Hunt reissued a “buy” rating on shares of Iomart Group in a research note on Tuesday, October 8th.

The firm has a market capitalization of $399.88 million and a price-to-earnings ratio of 32.11. The firm’s 50 day moving average is GBX 349.03 and its 200 day moving average is GBX 342.72. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 47.24.

Iomart Group Company Profile (LON:IOM)

iomart Group plc provides managed cloud services in the United Kingdom and internationally. It operates through two segments, Cloud Services and Easyspace. The company offers a range of domain names, shared, dedicated and virtual servers, and email services to micro and SME markets. It also provides managed cloud computing facilities and services through a network of owned datacenters to larger SME and corporate markets; and data storage, backup, and virtualization solutions.

Further Reading: Initial Coin Offerings entail a high degree of risk

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