Computacenter (LON:CCC) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Computacenter plc (LON:CCC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,255.86 ($29.94) and traded as high as GBX 2,400.24 ($31.86). Computacenter shares last traded at GBX 2,380 ($31.59), with a volume of 106,313 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 2,425 ($32.19) target price on shares of Computacenter in a research report on Tuesday, March 18th.

Computacenter Stock Performance

The firm's 50 day simple moving average is GBX 2,348.74 and its 200 day simple moving average is GBX 2,257.67. The firm has a market capitalization of £2.65 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 6.99 and a beta of 0.71. The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31.

Computacenter (LON:CCC - Get Free Report) last issued its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.14) earnings per share (EPS) for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. Sell-side analysts forecast that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Computacenter Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 4th. Stockholders of record on Thursday, June 5th will be issued a GBX 474 ($6.29) dividend. This represents a dividend yield of 1.83%. The ex-dividend date is Thursday, June 5th. This is a boost from Computacenter's previous dividend of $23.30. Computacenter's payout ratio is 47.51%.

Insider Buying and Selling

In related news, insider Michael J. Norris sold 1,571 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of GBX 2,432 ($32.28), for a total transaction of £38,206.72 ($50,712.40). 36.41% of the stock is owned by corporate insiders.

Computacenter Company Profile

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.