Softcat (LON:SCT) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Softcat plc (LON:SCT) shares passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,536.43 and traded as low as GBX 1,406. Softcat shares last traded at GBX 1,423, with a volume of 153,064 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Shore Capital reiterated a “buy” rating and issued a GBX 1,925 target price on shares of Softcat in a report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft upgraded shares of Softcat to a “buy” rating and increased their target price for the stock from GBX 1,830 to GBX 1,900 in a report on Thursday, October 23rd. UBS Group reissued a “sell” rating and set a GBX 1,400 target price on shares of Softcat in a research report on Friday, October 17th. Citigroup lowered their price target on shares of Softcat from GBX 2,000 to GBX 1,960 and set a “buy” rating for the company in a research report on Tuesday, August 19th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 2,135 price objective on shares of Softcat in a report on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Softcat has an average rating of “Hold” and an average target price of GBX 1,769.89.

Softcat Trading Up 1.7%

The stock has a market cap of £2.89 billion, a PE ratio of 21.86, a PEG ratio of 11.51 and a beta of 0.71. The company’s fifty day moving average is GBX 1,534.43 and its 200-day moving average is GBX 1,630.05. The company has a debt-to-equity ratio of 3.48, a current ratio of 1.60 and a quick ratio of 1.38.

Softcat (LON:SCT) last posted its earnings results on Wednesday, October 22nd. The company reported GBX 69.50 earnings per share (EPS) for the quarter. Softcat had a net margin of 12.37% and a return on equity of 43.79%. On average, analysts predict that Softcat plc will post 60.72 earnings per share for the current fiscal year.

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.