PCM Inc. (PCMI) Reaches New 12-Month High at $19.49
Shares of PCM Inc. (NASDAQ:PCMI) reached a new 52-week high during mid-day trading 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 equities analysts recently commented on PCMI shares. B. Riley reissued a “buy” rating and issued a $14.00 price objective on shares of PCM in a research note on Monday, July 25th. Zacks Investment Research raised shares of PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a research note on Saturday, July 30th. TheStreet raised shares of PCM from a “sell” rating to a “hold” rating in a research note on Friday, May 27th. Finally, Roth Capital started coverage on shares of PCM in a research note on Thursday, July 21st. They issued a “buy” rating and a $16.00 price objective for the company.
The company’s market capitalization is $224.34 million. The company’s 50-day moving average is $14.91 and its 200 day moving average is $10.68.
PCM (NASDAQ:PCMI) last released 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, analysts expect that PCM Inc. will post $1.57 earnings per share for the current year.
In other PCM news, CFO Brandon H. Laverne sold 30,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 12,879 shares of the company’s stock, valued at approximately $218,814.21. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas A. Maloof sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $18.63, for a total transaction of $74,520.00. Following the completion of the transaction, the director now directly owns 73,500 shares of the company’s stock, valued at approximately $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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