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flag Iomart Group's shares plummet by 16.1% despite a research firm's reaffirmed "buy" rating.

flag Iomart Group's shares fell by 16.1% on Thursday, with trading volume up 257% from average. flag Despite the drop, a "buy" rating was reaffirmed by a research firm. flag The UK company, which provides secure cloud services, has a market cap of £31.21 million and a P/E ratio of 4.81. flag Iomart recently paid a dividend yielding 1.38%, and its shares are trading below both its 50-day and 200-day moving averages.

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