Softcat’s (SCT) Buy Rating Reiterated at Shore Capital

Softcat (LON:SCT)‘s stock had its “buy” rating restated by Shore Capital in a research note issued to investors on Friday, MarketBeat Ratings reports.

Softcat Price Performance

SCT opened at GBX 1,544 ($19.95) on Friday. The stock has a 50-day moving average price of GBX 1,548.34 and a 200-day moving average price of GBX 1,565.53. Softcat has a 12-month low of GBX 1,415 ($18.28) and a 12-month high of GBX 1,855 ($23.97). The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a market capitalization of £3.07 billion, a P/E ratio of 25.85, a PEG ratio of 11.51 and a beta of 0.71.

Insider Transactions at Softcat

In other news, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.24), for a total value of £229,008.20 ($295,914.46). Also, insider Jacqui Ferguson acquired 3,038 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was purchased at an average price of GBX 1,470 ($18.99) per share, with a total value of £44,658.60 ($57,705.91). In the last three months, insiders bought 3,058 shares of company stock worth $4,497,310. 43.60% of the stock is currently owned by corporate insiders.

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.