DCC (LON:DCC) Stock Price Passes Below 200 Day Moving Average - Time to Sell?

DCC plc (LON:DCC - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,006.47 ($67.68) and traded as low as GBX 4,718 ($63.78). DCC shares last traded at GBX 4,786 ($64.70), with a volume of 132,017 shares changing hands.

Analyst Ratings Changes

DCC has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 5,500 ($74.35) price objective on shares of DCC in a research note on Friday, July 11th. Royal Bank Of Canada cut their price objective on shares of DCC from GBX 5,400 ($73.00) to GBX 5,200 ($70.30) and set an "outperform" rating for the company in a research note on Monday, May 19th.

DCC Stock Down 0.9%

The firm has a market cap of £4.75 billion, a PE ratio of 22.26, a PEG ratio of 4.37 and a beta of 0.74. The company has a debt-to-equity ratio of 77.99, a quick ratio of 0.89 and a current ratio of 1.31. The company's 50-day simple moving average is GBX 4,697.48 and its two-hundred day simple moving average is GBX 4,999.70.

DCC announced that its board has approved a stock buyback program on Tuesday, May 27th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Insider Activity

In other DCC news, insider Kevin Lucey sold 1,850 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of GBX 4,541 ($61.39), for a total value of £84,008.50 ($113,571.04). Also, insider Donal Murphy sold 8,150 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.39), for a total transaction of £370,091.50 ($500,326.48). 0.23% of the stock is owned by company insiders.

DCC Company Profile

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.