Computacenter (LON:CCC) Hits New 1-Year Low – What’s Next?

Computacenter plc (LON:CCC)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 2,034 ($24.84) and last traded at GBX 2,036 ($24.86), with a volume of 249619 shares changing hands. The stock had previously closed at GBX 2,074 ($25.32).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,400 ($41.51) price objective on shares of Computacenter in a research note on Tuesday, December 17th.

Computacenter Price Performance

The company has a debt-to-equity ratio of 12.40, a current ratio of 1.31 and a quick ratio of 0.95. The company has a fifty day moving average price of GBX 2,185.77 and a 200 day moving average price of GBX 2,476.56. The company has a market capitalization of £2.19 billion, a P/E ratio of 1,358.34, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71.

Insider Buying and Selling

In other news, insider Peter James Ogden sold 562,284 shares of Computacenter stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of GBX 2,312 ($28.23), for a total transaction of £13,000,006.08 ($15,873,023.30). 36.41% of the stock is owned by company insiders.

Computacenter Company Profile

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.