Computacenter (LON:CCC) Reaches New 1-Year Low – Here’s Why

Computacenter plc (LON:CCC) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 2,080 ($26.44) and last traded at GBX 2,108 ($26.80), with a volume of 1854094 shares trading hands. The stock had previously closed at GBX 2,238 ($28.45).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 3,400 ($43.22) price objective on shares of Computacenter in a research report on Tuesday.

Computacenter Stock Performance

The firm has a market capitalization of £2.31 billion, a P/E ratio of 1,433.33, a PEG ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.40. The business has a 50-day moving average price of GBX 2,277.34 and a 200-day moving average price of GBX 2,552.23.

Insider Activity

In other Computacenter news, insider Peter James Ogden sold 562,284 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 2,312 ($29.39), for a total value of £13,000,006.08 ($16,526,832.04). 36.41% of the stock is currently owned by company insiders.

About Computacenter

Computacenter is a leading independent technology and services provider, trusted by large corporate and public sector organisations.

We are a responsible business that believes in winning together for our people and our planet. We help our customers to Source, Transform and Manage their technology infrastructure to deliver digital transformation, enabling people and their business.