iomart Group (LON:IOM) Hits New 12-Month Low at $119.00

iomart Group plc (LON:IOM)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 119 ($1.52) and last traded at GBX 124 ($1.58), with a volume of 108772 shares changing hands. The stock had previously closed at GBX 124 ($1.58).

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of iomart Group in a report on Friday, June 7th. Numis Securities upgraded shares of iomart Group to a “buy” rating and set a GBX 185 ($2.36) price objective on the stock in a report on Thursday, April 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 185 ($2.36) price target on shares of iomart Group in a research report on Monday, June 10th.

iomart Group Price Performance

The company’s 50 day moving average price is GBX 130.79 and its two-hundred day moving average price is GBX 137.27. The company has a current ratio of 1.09, a quick ratio of 1.18 and a debt-to-equity ratio of 47.97. The stock has a market cap of £139.14 million, a P/E ratio of 2,066.67 and a beta of 0.52.

iomart Group Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 9th. Investors of record on Thursday, August 15th will be issued a GBX 3 ($0.04) dividend. This represents a yield of 2.08%. This is a positive change from iomart Group’s previous dividend of $1.94. The ex-dividend date is Thursday, August 15th. iomart Group’s dividend payout ratio is currently 8,333.33%.

About iomart Group

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.