Capita (LON:CPI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Capita plc (LON:CPI)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 296.56 and traded as low as GBX 251.50. Capita shares last traded at GBX 251.50, with a volume of 2,651,037 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPI. Canaccord Genuity Group restated a “buy” rating and issued a GBX 750 price objective on shares of Capita in a report on Wednesday, August 5th. Berenberg Bank lowered their target price on shares of Capita from GBX 330 to GBX 270 and set a “hold” rating for the company in a research note on Wednesday, August 5th. Peel Hunt reiterated a “buy” rating and set a GBX 311 price target on shares of Capita in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 260 price target on shares of Capita in a research note on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Capita currently has a consensus rating of “Moderate Buy” and an average price target of GBX 408.20.

Capita Price Performance

The firm has a market cap of £286.55 million, a price-to-earnings ratio of -1.37, a PEG ratio of 0.18 and a beta of 0.88. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 6,255.83. The company’s 50-day moving average price is GBX 262.50 and its 200-day moving average price is GBX 294.82.

Capita (LON:CPI) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 13.38 EPS for the quarter. Capita had a negative net margin of 10.32% and a negative return on equity of 677.10%.

Insider Transactions at Capita

In other Capita news, insider Georgina Harvey sold 400 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of GBX 340, for a total value of £1,360. 5.34% of the stock is currently owned by company insiders.

About Capita

Capita is a modern outsourcer, helping clients across the public and private sectors run complex business processes more efficiently, creating better consumer experiences. Operating across 8 countries, Capita’s colleagues support primarily UK and European clients with people-based services underpinned by market-leading technology. We play an integral role in society – our work matters to the lives of the millions of people who rely on us every day.