DCC (LON:DCC) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of DCC plc (LON:DCC) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,287.24 ($65.59) and traded as low as GBX 5,270 ($65.38). DCC shares last traded at GBX 5,305 ($65.81), with a volume of 361,806 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 7,020 ($87.09) price target on shares of DCC in a research report on Tuesday, November 12th.

DCC Price Performance

The company has a debt-to-equity ratio of 73.97, a current ratio of 1.18 and a quick ratio of 0.89. The firm has a market capitalization of £5.25 billion, a price-to-earnings ratio of 1,607.58, a PEG ratio of 4.37 and a beta of 0.74. The stock has a 50 day moving average price of GBX 5,360.02 and a two-hundred day moving average price of GBX 5,287.24.

DCC Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 21st were given a GBX 66.19 ($0.82) dividend. This represents a yield of 1.33%. The ex-dividend date was Thursday, November 21st. DCC’s dividend payout ratio is currently 5,969.70%.

DCC Company Profile

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people.