iomart Group (LON:IOM) Share Price Passes Below 200-Day Moving Average of $176.20

iomart Group plc (LON:IOMGet Rating)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 176.20 ($2.13) and traded as low as GBX 169 ($2.04). iomart Group shares last traded at GBX 169.80 ($2.05), with a volume of 21,533 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of iomart Group in a research report on Wednesday, August 3rd.

iomart Group Stock Performance

The firm has a market cap of £182.95 million and a P/E ratio of 2,112.50. The company has a current ratio of 1.26, a quick ratio of 0.87 and a debt-to-equity ratio of 47.63. The business’s fifty day simple moving average is GBX 179.06 and its 200-day simple moving average is GBX 176.32.

About iomart Group

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iomart Group plc provides managed cloud services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The company offers a range of shared hosting and domain registration services to micro and SME companies, as well as managed cloud computing facilities and services.

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