Annette Nabavi Buys 5,500 Shares of iomart Group plc (LON:IOM) Stock

iomart Group plc (LON:IOM) insider Annette Nabavi purchased 5,500 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average price of GBX 91 ($1.15) per share, with a total value of £5,005 ($6,341.87).

iomart Group Trading Down 2.2 %

LON IOM traded down GBX 2 ($0.03) during trading on Wednesday, hitting GBX 88 ($1.12). The company had a trading volume of 63,110 shares, compared to its average volume of 194,424. The company has a current ratio of 1.03, a quick ratio of 1.18 and a debt-to-equity ratio of 47.08. iomart Group plc has a one year low of GBX 73 ($0.92) and a one year high of GBX 166.20 ($2.11). The company has a market cap of £98.92 million, a price-to-earnings ratio of 1,490.00 and a beta of 0.58. The company’s fifty day moving average is GBX 93.95 and its 200-day moving average is GBX 115.78.

iomart Group Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.