Softcat (LON:SCT) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Softcat plc (LON:SCT)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 trading hands.

Wall Street Analyst Weigh In

SCT has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($19.80) price objective on shares of Softcat in a research report on Monday, October 28th. Shore Capital restated a “buy” rating on shares of Softcat in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Softcat currently has an average rating of “Hold” and an average target price of GBX 1,457.50 ($18.04).

Softcat Stock Down 0.3 %

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 50-day simple moving average of GBX 1,605.29 and a two-hundred day simple moving average of GBX 1,599.53. The firm has a market cap of £3.03 billion, a PE ratio of 2,714.29, a P/E/G ratio of 11.51 and a beta of 0.71.

Softcat Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 17th. Investors of record on Thursday, November 7th were given a GBX 39 ($0.48) dividend. This is an increase from Softcat’s previous dividend of $8.50. The ex-dividend date of this dividend was Thursday, November 7th. This represents a yield of 2.55%. Softcat’s payout ratio is presently 4,642.86%.

Insiders Place Their Bets

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

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.