PCM Inc. (PCMI) Trading Down 3.5%
PCM Inc. (NASDAQ:PCMI) dropped 3.5% during mid-day trading on Friday . The stock traded as low as $17.75 and last traded at $17.76, with a volume of 126,042 shares. The stock had previously closed at $18.40.
PCMI has been the topic of several research analyst reports. B. Riley reiterated a “buy” rating and issued a $17.00 price objective on shares of PCM in a report on Saturday, July 30th. Roth Capital initiated coverage on PCM in a report on Thursday, July 21st. They set a “buy” rating and a $16.00 target price on the stock. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Zacks Investment Research cut PCM from a “buy” rating to a “hold” rating in a report on Thursday, April 21st.
The company’s market cap is $203.69 million. The firm has a 50-day moving average of $13.32 and a 200 day moving average of $10.09.
PCM (NASDAQ:PCMI) last announced its 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. On average, equities analysts predict that PCM Inc. will post $1.57 earnings per share for the current year.
In related news, Director Ronald B. Reck sold 19,466 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $16.13, for a total transaction of $313,986.58. Following the completion of the transaction, the director now directly owns 40,966 shares of the company’s stock, valued at $660,781.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brandon H. Laverne sold 30,000 shares of the 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 directly owns 12,879 shares of the company’s stock, valued at $218,814.21. The disclosure for this sale can be found here.
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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