Capita (LON:CPI) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Capita plc (LON:CPI)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 175.27 ($2.37) and traded as high as GBX 247 ($3.34). Capita shares last traded at GBX 243 ($3.28), with a volume of 5,899,965 shares.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CPI. Shore Capital reissued a “hold” rating on shares of Capita in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Capita from GBX 375 to GBX 405 and gave the stock a “buy” rating in a research note on Friday, July 4th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Capita has an average rating of “Moderate Buy” and an average price target of GBX 405.

Capita Price Performance

The stock has a market cap of £276.41 million, a P/E ratio of 1,792.04, a price-to-earnings-growth ratio of 0.18 and a beta of 1.95. The firm has a 50-day moving average price of GBX 286.77 and a 200-day moving average price of GBX 175.27. The company has a debt-to-equity ratio of 291.56, a quick ratio of 0.53 and a current ratio of 0.53.

Capita (LON:CPI) last posted its quarterly earnings results on Tuesday, August 5th. The company reported GBX 21.63 EPS for the quarter. Capita had a negative net margin of 1.64% and a negative return on equity of 28.00%.

About Capita

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.