Alfa Financial Software (LON:ALFA) Shares Cross Below 200 Day Moving Average – Should You Sell?

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 166.36 and traded as low as GBX 163.20. Alfa Financial Software shares last traded at GBX 164.80, with a volume of 490,703 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ALFA shares. Berenberg Bank reissued a “buy” rating and issued a GBX 260 target price on shares of Alfa Financial Software in a research note on Thursday, September 17th. Canaccord Genuity Group restated a “buy” rating and set a GBX 220 price target on shares of Alfa Financial Software in a report on Thursday, July 30th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 256.25.

Alfa Financial Software Price Performance

The company’s fifty day simple moving average is GBX 162.14 and its 200 day simple moving average is GBX 166.36. The company has a quick ratio of 1.37, a current ratio of 1.77 and a debt-to-equity ratio of 17.37. The firm has a market capitalization of £490.37 million, a PE ratio of 17.64, a price-to-earnings-growth ratio of 4.19 and a beta of 0.23.

Alfa Financial Software (LON:ALFA) last posted its earnings results on Thursday, September 3rd. The company reported GBX 4.55 earnings per share for the quarter. Alfa Financial Software had a return on equity of 53.53% and a net margin of 21.42%. Analysts anticipate that Alfa Financial Software Holdings PLC will post 8.76 earnings per share for the current fiscal year.

Alfa Financial Software Company Profile

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully.

Alfa Systems, our class-leading SaaS platform, is at the heart of the world’s largest and most progressive asset finance operations. Supporting all types of automotive, equipment and wholesale finance, Alfa Systems is proven at volume and across borders, and trusted by leading brands to manage complex portfolios, drive efficiency and sustainability, and enhance the customer experience.

With full functionality for originations, servicing and collections, Alfa Systems is live in 37 countries, representing an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.