Softcat (LON:SCT) Stock Price Passes Below 50 Day Moving Average - What's Next?

Softcat plc (LON:SCT - Get Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,550.20 ($20.29) and traded as low as GBX 1,511 ($19.77). Softcat shares last traded at GBX 1,527 ($19.98), with a volume of 312,077 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SCT shares. Shore Capital downgraded shares of Softcat to a "hold" rating in a research note on Wednesday, June 26th. Jefferies Financial Group downgraded shares of Softcat to an "underperform" rating and reduced their target price for the stock from GBX 1,950 ($25.52) to GBX 1,490 ($19.50) in a research note on Friday, July 5th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and issued a GBX 1,250 ($16.36) target price on shares of Softcat in a research note on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Softcat currently has an average rating of "Hold" and a consensus target price of GBX 1,442.50 ($18.88).

Softcat Price Performance

The business's 50-day moving average price is GBX 1,550.20 and its 200 day moving average price is GBX 1,613.89. The company has a quick ratio of 1.38, a current ratio of 1.59 and a debt-to-equity ratio of 3.57. The company has a market capitalization of £3.06 billion, a P/E ratio of 2,735.71, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

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.