Softcat (LON:SCT) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Softcat plc (LON:SCT) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,605.43 ($19.87) and traded as low as GBX 1,517.95 ($18.79). Softcat shares last traded at GBX 1,524 ($18.86), with a volume of 38,175 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SCT shares. Shore Capital reiterated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,600 ($19.80) target price on shares of Softcat in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 1,457.50 ($18.04).

Softcat Stock Performance

The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The business’s 50-day moving average is GBX 1,605.29 and its 200-day moving average is GBX 1,599.53. The company has a market capitalization of £3.03 billion, a PE ratio of 2,714.29, a PEG ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 17th. Stockholders of record on Thursday, November 7th were given a GBX 39 ($0.48) dividend. This is a boost from Softcat’s previous dividend of $8.50. This represents a dividend yield of 2.55%. The ex-dividend date was Thursday, November 7th. Softcat’s payout ratio is currently 4,642.86%.

Insider Buying and Selling

In other Softcat news, insider Graeme Watt sold 7,213 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 1,562 ($19.33), for a total transaction of £112,667.06 ($139,456.69). 43.60% of the stock is currently owned by company insiders.

Softcat Company Profile

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.