PCM Inc. (PCMI) Shares Up 4.1%
PCM Inc. (NASDAQ:PCMI) shares shot up 4.1% during mid-day trading on Monday . The stock traded as high as $18.38 and last traded at $18.20, with a volume of 373,775 shares. The stock had previously closed at $17.48.
Several brokerages have recently issued reports on PCMI. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of PCM in a research note on Monday, July 25th. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research note on Friday, May 27th. Roth Capital began coverage on PCM in a research note on Thursday, July 21st. They issued a “buy” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research cut PCM from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st.
The stock has a 50-day moving average of $13.75 and a 200 day moving average of $10.27. The stock’s market capitalization is $217.80 million.
PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The firm earned $581 million during the quarter, compared to analysts’ expectations of $478.87 million. On average, equities analysts anticipate that PCM Inc. will post $1.57 EPS for the current year.
In related news, 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 value of $313,986.58. Following the sale, the director now owns 40,966 shares in the company, valued at approximately $660,781.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $509,700.00. Following the completion of the sale, the chief financial officer now owns 12,879 shares in the company, valued at approximately $218,814.21. The disclosure for this sale can be found here.
PCM, Inc is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other.
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