DCC (LON:DCC) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

DCC plc (LON:DCC - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5,095.73 ($68.99) and traded as low as GBX 4,590 ($62.14). DCC shares last traded at GBX 4,626 ($62.63), with a volume of 228,865 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada decreased their price objective on DCC from GBX 5,400 ($73.11) to GBX 5,200 ($70.40) and set an "outperform" rating for the company in a research report on Monday, May 19th.

DCC Price Performance

The company has a market cap of £4.52 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 77.99. The company has a fifty day moving average price of GBX 4,763.81 and a two-hundred day moving average price of GBX 5,077.89.

DCC declared that its Board of Directors has approved a share repurchase program on Tuesday, May 27th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at DCC

In other news, insider Kevin Lucey sold 1,850 shares of DCC stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.48), for a total value of £84,008.50 ($113,740.18). Also, insider Donal Murphy sold 8,150 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of GBX 4,541 ($61.48), for a total value of £370,091.50 ($501,071.62). Company insiders own 0.23% of the company's stock.

About DCC

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people.