PCM Inc. (PCMI) Shares Down 5.9%
PCM Inc. (NASDAQ:PCMI) shares traded down 5.9% during trading on Thursday . The stock traded as low as $17.66 and last traded at $18.09, with a volume of 235,512 shares traded. The stock had previously closed at $19.22.
Several research analysts recently commented on the company. 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. 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. Roth Capital cut PCM from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research note on Friday, May 27th.
The stock’s market cap is $207.64 million. The stock’s 50 day moving average is $15.29 and its 200 day moving average is $10.80.
PCM (NASDAQ:PCMI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.29. The firm had revenue of $581 million for the quarter, compared to analysts’ expectations of $478.87 million. On average, equities analysts expect that PCM Inc. will post $1.57 EPS for the current fiscal year.
In other PCM news, Director Thomas A. Maloof sold 4,000 shares of the stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $18.63, for a total transaction of $74,520.00. Following the transaction, the director now directly owns 73,500 shares of the company’s stock, valued at $1,369,305. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brandon H. Laverne sold 30,000 shares of the stock in a transaction 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 in the company, valued at $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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