Capita (LON:CPI) Stock Price Crosses Below 200-Day Moving Average of $17.89

Shares of Capita plc (LON:CPI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 17.89 ($0.22) and traded as low as GBX 13.24 ($0.16). Capita shares last traded at GBX 13.24 ($0.16), with a volume of 4,411,772 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on CPI. Shore Capital restated a “buy” rating on shares of Capita in a research report on Wednesday, March 13th. Royal Bank of Canada cut their price objective on Capita to GBX 1,800 ($22.23) and set a “sector perform” rating for the company in a research report on Tuesday, March 12th.

Capita Price Performance

The company has a debt-to-equity ratio of 628.81, a current ratio of 0.49 and a quick ratio of 0.53. The stock has a 50 day moving average price of GBX 15.14 and a 200-day moving average price of GBX 17.83. The stock has a market capitalization of £224.09 million, a price-to-earnings ratio of -132.60, a price-to-earnings-growth ratio of 0.18 and a beta of 1.83.

Insider Transactions at Capita

In related news, insider Adolfo Hernandez acquired 325,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were bought at an average price of GBX 16 ($0.20) per share, with a total value of £52,000 ($64,229.25). In other Capita news, insider Nneka Abulokwe bought 74,324 shares of Capita stock in a transaction on Wednesday, March 20th. The shares were bought at an average price of GBX 13 ($0.16) per share, for a total transaction of £9,662.12 ($11,934.44). Also, insider Adolfo Hernandez bought 325,000 shares of Capita stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of GBX 16 ($0.20) per share, for a total transaction of £52,000 ($64,229.25). Insiders have bought 651,535 shares of company stock valued at $9,701,080 over the last ninety days. Insiders own 3.78% 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.