PCM Inc. (PCMI) Trading Up 9.5%
PCM Inc. (NASDAQ:PCMI)’s share price was up 9.5% during trading on Thursday . The company traded as high as $17.00 and last traded at $17.00, with a volume of 63,843 shares traded. The stock had previously closed at $15.52.
A number of equities analysts recently commented on PCMI shares. Zacks Investment Research downgraded PCM from a “buy” rating to a “hold” rating in a report on Thursday, April 21st. B. Riley reiterated a “buy” rating and set a $14.50 price target on shares of PCM in a report on Monday, April 25th. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Roth Capital started coverage on PCM in a report on Thursday, July 21st. They set a “buy” rating and a $16.00 price target on the stock.
The company’s market cap is $197.52 million. The stock has a 50 day moving average of $12.17 and a 200 day moving average of $9.71.
PCM (NASDAQ:PCMI) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The business had revenue of $581 million for the quarter, compared to the consensus estimate of $478.87 million. Analysts expect that PCM Inc. will post $1.57 EPS for the current year.
In other news, CFO Brandon H. Laverne sold 30,000 shares of PCM stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $16.99, for a total transaction of $509,700.00. Following the transaction, the chief financial officer now owns 12,879 shares in the company, valued at approximately $218,814.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald B. Reck sold 19,466 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $16.13, for a total value of $313,986.58. Following the completion of the sale, the director now owns 40,966 shares in the company, valued at approximately $660,781.58. The disclosure for this sale can be found here.
An institutional investor recently raised its position in PCM stock. Royce & Associates LLC increased its position in PCM Inc. (NASDAQ:PCMI) by 4.0% during the fourth quarter, according to its most recent 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 approximately 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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