Computacenter (LON:CCC) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Computacenter plc (LON:CCC) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,282.60 ($29.39) and traded as high as GBX 2,578 ($33.19). Computacenter shares last traded at GBX 2,516 ($32.39), with a volume of 11,741,401 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CCC shares. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,425 ($31.22) target price on shares of Computacenter in a research report on Tuesday, March 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,400 ($43.77) price objective on shares of Computacenter in a report on Tuesday, December 17th.

Computacenter Trading Down 2.3 %

The company has a debt-to-equity ratio of 12.47, a current ratio of 1.31 and a quick ratio of 0.95. The company has a market cap of £2.67 billion, a price-to-earnings ratio of 16.84, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. The business’s fifty day moving average price is GBX 2,274.08 and its 200 day moving average price is GBX 2,282.60.

Computacenter (LON:CCC) last announced its earnings results on Wednesday, March 19th. The company reported GBX 161.50 ($2.08) EPS for the quarter. Computacenter had a return on equity of 17.61% and a net margin of 2.64%. Research analysts anticipate that Computacenter plc will post 187.5 earnings per share for the current fiscal year.

Computacenter Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, July 4th. Investors of record on Thursday, June 5th will be issued a GBX 474 ($6.10) dividend. The ex-dividend date is Thursday, June 5th. This is a boost from Computacenter’s previous dividend of $23.30. This represents a yield of 1.83%. Computacenter’s dividend payout ratio is presently 47.51%.

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.