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

Computacenter plc (LON:CCC)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 2,080 ($26.44) and last traded at GBX 2,108 ($26.80), with a volume of 1854094 shares changing hands. The stock had previously closed at GBX 2,238 ($28.45).

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,400 ($43.22) target price on shares of Computacenter in a research note on Tuesday.

Computacenter Stock Performance

The company has a market capitalization of £2.31 billion, a price-to-earnings ratio of 1,433.33, a price-to-earnings-growth ratio of 6.99 and a beta of 0.71. 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 stock has a 50 day moving average price of GBX 2,277.34 and a two-hundred day moving average price of GBX 2,552.23.

Insider Activity

In related news, insider Peter James Ogden sold 562,284 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of GBX 2,312 ($29.39), for a total value of £13,000,006.08 ($16,526,832.04). 36.41% of the stock is currently owned by corporate 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.