Computacenter (LON:CCC) Hits New 12-Month Low – Time to Sell?

Computacenter plc (LON:CCC) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 2,338 ($30.36) and last traded at GBX 2,376 ($30.85), with a volume of 68403 shares traded. The stock had previously closed at GBX 2,384 ($30.95).

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of Computacenter from GBX 3,900 ($50.64) to GBX 3,800 ($49.34) and set a “buy” rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their target price on shares of Computacenter from GBX 3,300 ($42.85) to GBX 3,050 ($39.60) and set an “overweight” rating on the stock in a research report on Monday, July 29th.

Computacenter Stock Performance

The stock’s 50 day moving average price is GBX 2,547.49 and its 200 day moving average price is GBX 2,668.06. The company has a current ratio of 1.31, a quick ratio of 0.95 and a debt-to-equity ratio of 12.40. The company has a market cap of £2.56 billion, a price-to-earnings ratio of 1,589.33, a P/E/G ratio of 6.99 and a beta of 0.71.

Computacenter Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 23.30 ($0.30) per share. This represents a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 26th. Computacenter’s dividend payout ratio is currently 4,733.33%.

Insider Activity

In related news, insider Pauline Campbell acquired 8,900 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was bought at an average price of GBX 2,470 ($32.07) per share, with a total value of £219,830 ($285,419.37). In other news, insider Pauline Campbell bought 8,900 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was acquired at an average price of GBX 2,470 ($32.07) per share, for a total transaction of £219,830 ($285,419.37). Also, insider Ros Rivaz sold 1,570 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of GBX 2,707 ($35.15), for a total value of £42,499.90 ($55,180.34). Corporate insiders own 36.41% of the company’s stock.

About Computacenter

Computacenter plc provides technology and services to corporate and public sector organizations in the United Kingdom, Germany, France, North America, and internationally. The company provides workplace solutions, including device as a service, collaboration management, endpoint management, and intelligent support experience; cloud services, application and Al platforms, custom applications, and business automation; infrastructure service, data center and edge platforms, relocation and migration, and operational resilience; and networking solutions and services.