PCM Inc. (PCMI) Sets New 12-Month High at $11.46
Shares of PCM Inc. (NASDAQ:PCMI) reached a new 52-week high during trading on Tuesday . The company traded as high as $11.46 and last traded at $11.33, with a volume of 10,279 shares changing hands. The stock had previously closed at $11.23.
A number of research firms recently commented on PCMI. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. B. Riley reiterated a “buy” rating and set a $14.00 price objective on shares of PCM in a research report on Saturday, April 30th. Finally, Zacks Investment Research lowered PCM from a “buy” rating to a “hold” rating in a report on Thursday, April 21st.
The stock’s 50 day moving average is $10.92 and its 200-day moving average is $9.24. The company’s market capitalization is $132.00 million.
PCM (NASDAQ:PCMI) last issued its earnings results on Thursday, April 28th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. On average, equities research analysts expect that PCM Inc. will post $1.33 EPS for the current fiscal year.
A hedge fund recently raised its stake in PCM stock. Royce & Associates LLC increased its stake in PCM Inc. (NASDAQ:PCMI) by 4.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,000,988 shares of the company’s stock after buying an additional 38,721 shares during the period. Royce & Associates LLC owned about 8.42% of PCM worth $9,940,000 at the end of the most recent quarter.
PCM, Inc is a technology solutions provider company. The Company provides technology products, services and solutions through its sales force and field service teams, direct marketing channels and a range of retail stores. The Company offers technology products and solutions, as well as consumer electronics equipment and other consumer products.
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