Computacenter (LON:CCC) Reaches New 1-Year Low – Here’s Why

Computacenter plc (LON:CCC)’s stock price reached a new 52-week low on Thursday . The stock traded as low as GBX 2,034 ($25.14) and last traded at GBX 2,036 ($25.17), with a volume of 249619 shares changing hands. The stock had previously closed at GBX 2,074 ($25.64).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,400 ($42.03) target price on shares of Computacenter in a report on Tuesday, December 17th.

Computacenter Stock Down 1.8 %

The business has a 50-day simple moving average of GBX 2,191.57 and a two-hundred day simple moving average of GBX 2,482.61. The stock has a market capitalization of £2.19 billion, a P/E ratio of 1,357.33, a PEG ratio of 6.99 and a beta of 0.71. The company has a quick ratio of 0.95, a current ratio of 1.31 and a debt-to-equity ratio of 12.40.

Insider Buying and Selling at Computacenter

In other news, insider Peter James Ogden sold 562,284 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 2,312 ($28.58), for a total transaction of £13,000,006.08 ($16,069,228.78). Company insiders own 36.41% of the company’s stock.

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.