Softcat (LON:SCT) Stock Price Crosses Above 50 Day Moving Average of $1,556.78

Softcat plc (LON:SCT)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 1,556.78 ($19.56) and traded as high as GBX 1,592 ($20.00). Softcat shares last traded at GBX 1,580 ($19.85), with a volume of 137,627 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Numis Securities reiterated a “buy” rating on shares of Softcat in a research note on Thursday, March 7th. Shore Capital reiterated a “buy” rating on shares of Softcat in a research note on Monday, February 5th. Finally, Panmure Gordon began coverage on Softcat in a research note on Thursday, February 22nd. They set a “hold” rating and a GBX 1,490 ($18.72) target price for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 1,393.33 ($17.50).

Softcat Stock Up 1.9 %

The firm’s 50-day simple moving average is GBX 1,558.92 and its 200-day simple moving average is GBX 1,424.79. The company has a debt-to-equity ratio of 3.57, a quick ratio of 1.38 and a current ratio of 1.59. The company has a market capitalization of £3.22 billion, a price-to-earnings ratio of 2,875.00, a price-to-earnings-growth ratio of 11.51 and a beta of 0.71.

Softcat Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be paid a dividend of GBX 8.50 ($0.11) per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 0.57%. Softcat’s dividend payout ratio is 4,642.86%.

About Softcat

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.