Shore Capital Reiterates Buy Rating for iomart Group (LON:IOM)

iomart Group (LON:IOM)‘s stock had its “buy” rating restated by equities researchers at Shore Capital in a research note issued on Friday,London Stock Exchange reports.

iomart Group Stock Down 23.1 %

Shares of IOM traded down GBX 13.75 ($0.17) during mid-day trading on Friday, hitting GBX 45.65 ($0.57). 1,838,623 shares of the company’s stock were exchanged, compared to its average volume of 155,243. The company has a market cap of £51.32 million, a PE ratio of 760.83 and a beta of 0.58. iomart Group has a 52 week low of GBX 43 ($0.53) and a 52 week high of GBX 155 ($1.93). The company has a 50-day simple moving average of GBX 76.32 and a 200 day simple moving average of GBX 97. The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18.

iomart Group (LON:IOM) last released its earnings results on Wednesday, November 27th. The company reported GBX 2.70 ($0.03) earnings per share for the quarter. iomart Group had a net margin of 5.07% and a return on equity of 5.28%. On average, research analysts forecast that iomart Group will post 7.45 earnings per share for the current fiscal year.

Insider Transactions at iomart Group

In other news, insider Richard Last purchased 50,000 shares of iomart Group stock in a transaction dated Thursday, January 9th. The shares were bought at an average cost of GBX 77 ($0.96) per share, for a total transaction of £38,500 ($47,879.62). Also, insider Annette Nabavi purchased 5,500 shares of iomart Group stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of GBX 91 ($1.13) per share, for a total transaction of £5,005 ($6,224.35). Insiders own 23.15% of the company’s stock.

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).