Capita (LON:CPI) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Capita plc (LON:CPI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 16.12 ($0.21) and traded as low as GBX 12.92 ($0.17). Capita shares last traded at GBX 12.98 ($0.17), with a volume of 9,786,110 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Capita in a report on Tuesday, December 10th.

Capita Stock Up 3.7 %

The company has a debt-to-equity ratio of 291.56, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s 50 day simple moving average is GBX 13.79 and its 200 day simple moving average is GBX 16.10. The firm has a market cap of £224.70 million, a P/E ratio of -5.51, a price-to-earnings-growth ratio of 0.18 and a beta of 1.95.

Capita (LON:CPI) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 2.11 ($0.03) earnings per share (EPS) for the quarter. Capita had a negative net margin of 1.64% and a negative return on equity of 28.00%.

Insiders Place Their Bets

In related news, insider Nneka Abulokwe acquired 71,896 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of GBX 14 ($0.18) per share, for a total transaction of £10,065.44 ($13,070.30). Corporate insiders own 4.59% of the company’s stock.

Capita Company Profile

Capita plc provides consulting, digital, and software products and services to clients in the private and public sectors in the United Kingdom and internationally. It operates in two divisions: Public Service and Capita Experience divisions. The company offers solutions for finance and accounting, procurement, property and infrastructure, travel and event, and workplace administration.