PCM Inc. (PCMI) Hits New 12-Month High at $19.49
PCM Inc. (NASDAQ:PCMI) hit a new 52-week high on Tuesday . The stock traded as high as $19.49 and last traded at $19.30, with a volume of 271,792 shares traded. The stock had previously closed at $18.11.
Several research analysts recently commented on PCMI shares. B. Riley reiterated a “buy” rating and issued a $14.00 price target 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 started coverage on PCM in a research note on Thursday, July 21st. They issued a “buy” rating and a $16.00 price target on the stock. Finally, 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 note on Saturday, July 30th.
The company has a 50-day moving average of $14.55 and a 200-day moving average of $10.54. The firm’s market cap is $227.25 million.
PCM (NASDAQ:PCMI) last released its earnings results on Wednesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 forecast that PCM Inc. will post $1.57 EPS for the current year.
In other news, Director Ronald B. Reck sold 19,466 shares of the firm’s stock in a transaction dated 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 directly owns 40,966 shares of the company’s stock, valued at $660,781.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas A. Maloof sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $18.63, for a total value of $74,520.00. Following the completion of the sale, the director now directly owns 73,500 shares in the company, valued at $1,369,305. 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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