Softcat (LON:SCT) Shares Pass Above Fifty Day Moving Average of $1,442.53

Softcat plc (LON:SCT) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,442.53 ($18.18) and traded as high as GBX 1,515 ($19.10). Softcat shares last traded at GBX 1,504 ($18.96), with a volume of 179,418 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Softcat in a report on Tuesday, May 30th.

Softcat Stock Down 0.6 %

The company has a debt-to-equity ratio of 3.16, a current ratio of 1.39 and a quick ratio of 1.38. The stock has a 50 day simple moving average of GBX 1,442.53 and a 200-day simple moving average of GBX 1,343.18. The firm has a market cap of £2.98 billion, a PE ratio of 2,772.22, a PEG ratio of 11.51 and a beta of 0.84.

About Softcat

Softcat plc primarily acts 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.