Softcat (LON:SCT) Earns Buy Rating from Shore Capital

Softcat (LON:SCT)‘s stock had its “buy” rating reiterated by research analysts at Shore Capital in a research report issued to clients and investors on Friday,Digital Look reports.

Softcat Stock Performance

Shares of LON SCT opened at GBX 1,515 ($19.52) on Friday. The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48. The stock has a 50 day simple moving average of GBX 1,548.20 and a 200-day simple moving average of GBX 1,566.73. The company has a market cap of £3.01 billion, a PE ratio of 25.36, a P/E/G ratio of 11.51 and a beta of 0.71. Softcat has a 12-month low of GBX 1,415 ($18.23) and a 12-month high of GBX 1,855 ($23.90).

Insider Transactions at Softcat

In other Softcat news, insider Graham Charlton sold 15,380 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of GBX 1,489 ($19.19), for a total value of £229,008.20 ($295,113.66). Also, insider Graeme Watt sold 7,213 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 1,562 ($20.13), for a total value of £112,667.06 ($145,189.51). Over the last three months, insiders acquired 3,058 shares of company stock worth $4,497,310. Company insiders own 43.60% of the company’s stock.

About Softcat

Softcat plc operates 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.