Insider Buying: iomart Group plc (LON:IOM) Insider Acquires 50,000 Shares of Stock

iomart Group plc (LON:IOMGet Free Report) insider Richard Last purchased 50,000 shares of the firm’s stock in a transaction on Thursday, January 9th. The shares were purchased at an average cost of GBX 77 ($0.95) per share, with a total value of £38,500 ($47,372.95).

iomart Group Trading Up 1.9 %

IOM traded up GBX 1.44 ($0.02) during trading on Friday, reaching GBX 77.44 ($0.95). The company had a trading volume of 52,419 shares, compared to its average volume of 74,514. The firm’s 50-day simple moving average is GBX 86.80 and its 200 day simple moving average is GBX 104.69. The company has a debt-to-equity ratio of 47.08, a quick ratio of 1.18 and a current ratio of 1.03. The company has a market cap of £87.05 million, a price-to-earnings ratio of 1,290.73 and a beta of 0.58. iomart Group plc has a 12-month low of GBX 71 ($0.87) and a 12-month high of GBX 159.40 ($1.96).

iomart Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 1.38%. The ex-dividend date of this dividend is Thursday, January 9th. iomart Group’s payout ratio is 8,333.33%.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of iomart Group in a research report on Wednesday, December 4th.

Check Out Our Latest Stock Report on iomart Group

About iomart Group

(Get Free Report)

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).

Further Reading

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