iomart Group (LON:IOM) Sets New 52-Week Low – Time to Sell?

iomart Group plc (LON:IOM) shares hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 83.20 ($1.09) and last traded at GBX 83.40 ($1.09), with a volume of 37092 shares trading hands. The stock had previously closed at GBX 87.20 ($1.14).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Friday, October 4th.

iomart Group Price Performance

The company has a debt-to-equity ratio of 47.08, a current ratio of 1.03 and a quick ratio of 1.18. The firm has a market capitalization of £103.42 million, a P/E ratio of 1,533.33 and a beta of 0.58. The firm’s fifty day moving average price is GBX 112.84 and its 200-day moving average price is GBX 125.97.

iomart Group Company Profile

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.