iomart Group plc (LON:IOM) Insider Richard Last Buys 50,000 Shares

iomart Group plc (LON:IOM) insider Richard Last bought 50,000 shares of the stock in a transaction on Thursday, January 9th. The stock was purchased at an average price of GBX 77 ($0.95) per share, for a total transaction of £38,500 ($47,372.95).

iomart Group Stock Performance

iomart Group stock traded up GBX 1.44 ($0.02) during trading hours on Friday, reaching GBX 77.44 ($0.95). 52,419 shares of the company were exchanged, compared to its average volume of 74,514. iomart Group plc has a 12 month low of GBX 71 ($0.87) and a 12 month high of GBX 159.40 ($1.96). The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. The stock has a 50-day moving average of GBX 86.80 and a 200 day moving average of GBX 104.69. The firm 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 Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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).