DCC (LON:DCC) Stock Passes Below 200 Day Moving Average – Time to Sell?

DCC plc (LON:DCC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,134.25 ($69.60) and traded as low as GBX 4,680 ($63.44). DCC shares last traded at GBX 4,700 ($63.71), with a volume of 256,594 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their target price on shares of DCC from GBX 5,400 ($73.20) to GBX 5,200 ($70.49) and set an “outperform” rating on the stock in a research report on Monday, May 19th.

DCC Stock Down 0.6%

The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 77.99. The stock has a market cap of £4.65 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 4.37 and a beta of 0.74. The business’s fifty day moving average is GBX 4,770.94 and its two-hundred day moving average is GBX 5,134.25.

DCC declared that its board has initiated a share buyback plan on Tuesday, May 27th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other DCC news, insider Kevin Lucey sold 1,850 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.56), for a total value of £84,008.50 ($113,878.95). Also, insider Donal Murphy sold 8,150 shares of DCC stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.56), for a total value of £370,091.50 ($501,682.93). 0.23% of the stock is currently owned by insiders.

DCC Company Profile

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people.