PCM Inc. (PCMI) Stock Price Down 4.7%
PCM Inc. (NASDAQ:PCMI) shares dropped 4.7% on Tuesday . The company traded as low as $17.00 and last traded at $17.00, with a volume of 84,901 shares trading hands. The stock had previously closed at $17.84.
PCMI has been the topic of a number of analyst reports. B. Riley reaffirmed a “buy” rating and set a $17.00 price objective on shares of PCM in a research report on Saturday. Roth Capital assumed coverage on PCM in a research report on Thursday, July 21st. They set a “buy” rating and a $16.00 price objective on the stock. TheStreet raised PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Zacks Investment Research raised PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a report on Saturday.
The company has a 50-day moving average price of $11.69 and a 200-day moving average price of $9.56. The firm’s market cap is $192.97 million.
PCM (NASDAQ:PCMI) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. The business earned $581 million during the quarter, compared to analysts’ expectations of $478.87 million. Equities analysts anticipate that PCM Inc. will post $1.44 earnings per share for the current year.
An institutional investor recently raised its position in PCM stock. Royce & Associates LLC boosted its position in shares of PCM Inc. (NASDAQ:PCMI) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,000,988 shares of the company’s stock after buying an additional 38,721 shares during the period. Royce & Associates LLC owned approximately 8.42% of PCM worth $9,940,000 at the end of the most recent reporting period.
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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