Softcat (LON:SCT) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Softcat plc (LON:SCT) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,534.82 ($19.10) and traded as low as GBX 1,467 ($18.25). Softcat shares last traded at GBX 1,497 ($18.63), with a volume of 311,578 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Shore Capital restated a “buy” rating on shares of Softcat in a research report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and set a GBX 1,600 ($19.91) price objective on shares of Softcat in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 1,457.50 ($18.13).

Softcat Trading Up 2.0 %

The company has a fifty day moving average of GBX 1,534.82 and a two-hundred day moving average of GBX 1,566.24. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The stock has a market capitalization of £3.04 billion, a price-to-earnings ratio of 2,726.71, a P/E/G ratio of 11.51 and a beta of 0.71.

Insider Transactions at Softcat

In other Softcat news, insider Jacqui Ferguson bought 3,038 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($18.29) per share, with a total value of £44,658.60 ($55,566.26). Also, insider Graeme Watt sold 10,087 shares of Softcat stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of GBX 1,574 ($19.58), for a total value of £158,769.38 ($197,548.07). In the last quarter, insiders sold 32,680 shares of company stock worth $50,044,464. Company insiders own 43.60% of the company’s stock.

About Softcat

Softcat plc operates as a value-added IT reseller and IT infrastructure solutions provider in the United Kingdom. The company advices, procures, designs, implements, and manages technology, such as software licensing, workplace technology, networking, security, and cloud and datacenter for businesses and public sector organizations.