Softcat (LON:SCT) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Softcat plc (LON:SCT - Get Free Report)'s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,765.33 ($24.23) and traded as high as GBX 1,774 ($24.34). Softcat shares last traded at GBX 1,722.23 ($23.63), with a volume of 296,914 shares.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Softcat from GBX 1,450 ($19.90) to GBX 1,759 ($24.14) and gave the stock a "neutral" rating in a report on Thursday, March 20th. Shore Capital reiterated a "buy" rating on shares of Softcat in a research note on Wednesday, March 19th. Finally, Berenberg Bank reiterated a "hold" rating and issued a GBX 1,600 ($21.96) price objective on shares of Softcat in a research note on Wednesday, March 19th.

Softcat Price Performance

The firm has a market capitalization of £3.43 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71. 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 business's 50 day moving average is GBX 1,765.33 and its two-hundred day moving average is GBX 1,626.97.

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.

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