iomart Group (LON:IOM) Reaches New 12-Month Low at $110.00

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 110 ($1.44) and last traded at GBX 114 ($1.49), with a volume of 52547 shares trading hands. The stock had previously closed at GBX 115 ($1.50).

Analysts Set New Price Targets

IOM has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 185 ($2.42) target price on shares of iomart Group in a report on Monday, June 10th. Shore Capital reiterated a “buy” rating on shares of iomart Group in a research report on Friday, June 7th.

iomart Group Price Performance

The firm has a market capitalization of £128.15 million, a PE ratio of 1,842.42 and a beta of 0.58. 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 business’s 50 day moving average is GBX 124.10 and its two-hundred day moving average is GBX 132.92.

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.