Computacenter (LON:CCC) Shares Cross Above 200-Day Moving Average - Should You Sell?

Computacenter plc (LON:CCC - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,273.25 ($30.48) and traded as high as GBX 2,540 ($34.06). Computacenter shares last traded at GBX 2,529.70 ($33.92), with a volume of 122,450 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 2,425 ($32.52) price target on shares of Computacenter in a report on Tuesday, March 18th.

Computacenter Price Performance

The company has a debt-to-equity ratio of 12.47, a quick ratio of 0.95 and a current ratio of 1.31. The stock's fifty day moving average price is GBX 2,419.10 and its 200-day moving average price is GBX 2,273.25. The firm has a market cap of £2.66 billion, a PE ratio of 16.77, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter (LON:CCC - Get Free Report) last posted its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.17) earnings per share for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. As a group, equities analysts forecast that Computacenter plc will post 187.5 EPS for the current fiscal year.

Computacenter Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be issued a dividend of GBX 474 ($6.36) per share. This is an increase from Computacenter's previous dividend of $23.30. This represents a yield of 1.83%. The ex-dividend date of this dividend is Thursday, June 5th. Computacenter's dividend payout ratio (DPR) is 47.51%.

Insider Buying and Selling at Computacenter

In other Computacenter news, insider Michael J. Norris sold 3,515 shares of the firm's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 2,554 ($34.25), for a total transaction of £89,773.10 ($120,387.69). In the last three months, insiders sold 125,276 shares of company stock worth $309,652,394. 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.

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