Softchoice (TSE:SFTC) Shares Down 1.2% – Time to Sell?

Softchoice Co. (TSE:SFTC) fell 1.2% during trading on Wednesday . The stock traded as low as C$21.23 and last traded at C$21.56. 5,964 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 24,816 shares. The stock had previously closed at C$21.83.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SFTC. Scotiabank raised Softchoice from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$20.00 to C$24.00 in a research report on Tuesday, November 12th. Cormark increased their target price on shares of Softchoice from C$24.00 to C$25.50 in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$22.67.

Softchoice Stock Performance

The stock has a market cap of C$1.30 billion, a price-to-earnings ratio of 23.96 and a beta of -0.14. The company has a 50-day simple moving average of C$22.11 and a two-hundred day simple moving average of C$19.36.

About Softchoice

Softchoice Corporation designs, procures, implements, and manages information technology (IT) solutions in Canada and the United States. The company offers cloud and data center solutions, such as data center and application modernization; collaboration and digital workplace solutions comprising secure access, and adoption and change management; IT asset management solutions, including software and hardware asset management solutions, and IT procurement services; network and security support solutions.