PCM Inc. (PCMI) Sees Unusually-High Trading Volume
Shares of PCM Inc. (NASDAQ:PCMI) saw strong trading volume on Monday . 176,296 shares changed hands during trading, an increase of 91% from the previous session’s volume of 92,127 shares.The stock last traded at $17.80 and had previously closed at $17.19.
A number of equities research analysts recently commented on the company. B. Riley restated a “buy” rating and set a $14.00 price target on shares of PCM in a research report on Saturday, April 30th. Zacks Investment Research upgraded PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Saturday, July 30th. Roth Capital assumed coverage on PCM in a research report on Thursday, July 21st. They set a “buy” rating and a $16.00 price target on the stock. Finally, TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th.
The stock’s market cap is $207.89 million. The company’s 50-day moving average price is $12.54 and its 200 day moving average price is $9.84.
PCM (NASDAQ:PCMI) last posted its earnings results on Wednesday, July 27th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The company had revenue of $581 million for the quarter, compared to the consensus estimate of $478.87 million. Equities research analysts predict that PCM Inc. will post $1.57 earnings per share for the current fiscal year.
In other PCM news, CFO Brandon H. Laverne sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $16.99, for a total transaction of $509,700.00. Following the sale, the chief financial officer now owns 12,879 shares of the company’s stock, valued at $218,814.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald B. Reck sold 19,466 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $16.13, for a total transaction of $313,986.58. Following the sale, the director now directly 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 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 about 8.42% of PCM worth $9,940,000 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.