Softcat (LON:SCT) Shares Cross Below 50-Day Moving Average – Here’s Why

Softcat plc (LON:SCT) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 1,544.78 ($20.10) and traded as low as GBX 1,484 ($19.31). Softcat shares last traded at GBX 1,498 ($19.49), with a volume of 169,499 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Softcat in a research report on Wednesday.

Softcat Stock Performance

The company has a debt-to-equity ratio of 3.48, a quick ratio of 1.38 and a current ratio of 1.60. The stock has a market cap of £3.58 billion, a PE ratio of 30.14, a P/E/G ratio of 11.51 and a beta of 0.71. The firm’s 50-day moving average is GBX 1,546.56 and its 200 day moving average is GBX 1,561.53.

Softcat (LON:SCT) last issued its quarterly earnings results on Wednesday, March 19th. The company reported GBX 28.70 ($0.37) earnings per share (EPS) for the quarter. Softcat had a return on equity of 43.79% and a net margin of 12.37%. As a group, research analysts anticipate that Softcat plc will post 60.72 EPS for the current year.

Softcat Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 20th will be paid a GBX 67.50 ($0.88) dividend. This is an increase from Softcat’s previous dividend of $39.00. This represents a yield of 0.55%. The ex-dividend date of this dividend is Thursday, March 20th. Softcat’s dividend payout ratio (DPR) is presently 43.53%.

Insiders Place Their Bets

In other Softcat news, insider Graham Charlton sold 15,380 shares of the stock in a transaction on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.37), for a total transaction of £229,008.20 ($297,916.22). Also, insider Jacqui Ferguson acquired 3,038 shares of the stock in a transaction dated Tuesday, January 21st. The stock was acquired at an average cost of GBX 1,470 ($19.12) per share, with a total value of £44,658.60 ($58,096.27). Over the last quarter, insiders acquired 3,067 shares of company stock worth $4,511,098. 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.