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

Shares of Computacenter plc (LON:CCC - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,264.25 ($30.00) and traded as high as GBX 2,302 ($30.50). Computacenter shares last traded at GBX 2,274 ($30.13), with a volume of 134,474 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "hold" rating and set a GBX 2,425 ($32.13) price objective on shares of Computacenter in a research note on Tuesday, March 18th.

Computacenter Trading Up 3.3 %

The company has a market cap of £2.49 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The firm has a 50-day moving average price of GBX 2,318.32 and a 200 day moving average price of GBX 2,258.82. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.47.

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 for the quarter. Computacenter had a net margin of 2.64% and a return on equity of 17.61%. As a group, sell-side analysts forecast that Computacenter plc will post 187.5 EPS for the current year.

Computacenter Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, July 4th. Shareholders of record on Thursday, June 5th will be given a GBX 474 ($6.28) dividend. This is a boost from Computacenter's previous dividend of $23.30. The ex-dividend date is Thursday, June 5th. This represents a yield of 1.83%. Computacenter's dividend payout ratio is 47.51%.

Insider Transactions at Computacenter

In related news, insider Michael J. Norris sold 1,571 shares of the stock in a transaction dated Monday, March 31st. The shares were sold at an average price of GBX 2,432 ($32.22), for a total value of £38,206.72 ($50,625.04). Insiders own 36.41% of the company's stock.

About Computacenter

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.