iomart Group (LON:IOM) Share Price Passes Below 200 Day Moving Average – What’s Next?

iomart Group plc (LON:IOM) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 58.04 ($0.77) and traded as low as GBX 24.94 ($0.33). iomart Group shares last traded at GBX 25.66 ($0.34), with a volume of 1,240,919 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a report on Thursday, May 1st.

iomart Group Stock Down 1.3%

The company has a market cap of £30.50 million, a PE ratio of 4.70 and a beta of 0.58. The company has a quick ratio of 1.18, a current ratio of 1.03 and a debt-to-equity ratio of 47.08. The firm’s fifty day simple moving average is GBX 29.67 and its 200-day simple moving average is GBX 58.04.

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).