Softcat (LON:SCT) Hits New 52-Week Low – Time to Sell?

Softcat plc (LON:SCT) hit a new 52-week low on Monday . The stock traded as low as GBX 1,106 and last traded at GBX 1,113.45, with a volume of 27684 shares. The stock had previously closed at GBX 1,133.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SCT shares. Peel Hunt restated a “buy” rating and set a GBX 2,135 price objective on shares of Softcat in a report on Tuesday, November 18th. JPMorgan Chase & Co. upgraded Softcat to an “overweight” rating and lifted their target price for the stock from GBX 2,820 to GBX 2,950 in a research report on Thursday, December 4th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 1,902.22.

Softcat Price Performance

The firm has a fifty day simple moving average of GBX 1,343.22 and a 200 day simple moving average of GBX 1,470.28. The company has a market capitalization of £2.18 billion, a PE ratio of 16.62, a P/E/G ratio of 11.51 and a beta of 0.71. The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60.

Insiders Place Their Bets

In other news, insider Graeme Watt sold 20,213 shares of the firm’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of GBX 1,429, for a total transaction of £288,843.77. Also, insider Graham Charlton sold 15,919 shares of Softcat stock in a transaction dated Friday, December 12th. The shares were sold at an average price of GBX 1,456, for a total value of £231,780.64. In the last three months, insiders have bought 47 shares of company stock worth $59,452 and have sold 46,069 shares worth $66,262,414. 2.87% of the stock is currently owned by corporate insiders.

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. It also offers public cloud, collaboration, connectivity, data centre and private cloud, devices, and financial solution services. In addition, the company provides IT asset management, lifecycle solutions, modern management, security, software licensing, supply chain operation, and virtual desktop and application.