Softcat plc (LON:SCT) Insider Acquires 9 Shares

Softcat plc (LON:SCT) insider Kathryn Mecklenburgh acquired 9 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of GBX 1,532 ($19.87) per share, with a total value of £137.88 ($178.81).

Kathryn Mecklenburgh also recently made the following trade(s):

• On Friday, February 7th, Kathryn Mecklenburgh purchased 10 shares of Softcat stock. The shares were bought at an average price of GBX 1,601 ($20.76) per share, with a total value of £160.10 ($207.63).

Softcat Stock Down 0.4 %

Softcat stock opened at GBX 1,501 ($19.47) on Thursday. The firm has a market capitalization of £2.99 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 11.51 and a beta of 0.71. The firm has a 50 day simple moving average of GBX 1,548.24 and a 200 day simple moving average of GBX 1,563.99. Softcat plc has a 1-year low of GBX 1,415 ($18.35) and a 1-year high of GBX 1,855 ($24.06). The company has a current ratio of 1.60, a quick ratio of 1.38 and a debt-to-equity ratio of 3.48.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of Softcat in a research report on Friday, March 7th.

Softcat Company Profile

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.