PCM Inc. (PCMI) Trading 4.1% Higher
PCM Inc. (NASDAQ:PCMI)’s share price shot up 4.1% during mid-day trading on Monday . The company traded as high as $18.38 and last traded at $18.20, with a volume of 373,775 shares traded. The stock had previously closed at $17.48.
A number of brokerages recently issued reports on PCMI. B. Riley reiterated a “buy” rating and issued a $17.00 target price on shares of PCM in a report on Saturday, July 30th. Zacks Investment Research upgraded PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a report on Saturday, July 30th. Roth Capital began coverage on PCM in a report on Thursday, July 21st. They issued a “buy” rating and a $16.00 target price on the stock. Finally, TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th.
The company’s 50 day moving average price is $13.52 and its 200-day moving average price is $10.19. The company’s market capitalization is $212.08 million.
PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.29. The company earned $581 million during the quarter, compared to analysts’ expectations of $478.87 million. On average, equities research analysts anticipate that PCM Inc. will post $1.57 earnings per share for the current fiscal year.
In other news, CFO Brandon H. Laverne sold 30,000 shares of the business’s stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the director now directly owns 40,966 shares in the company, valued at $660,781.58. 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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