PCM Inc. (PCMI) Shares Down 1.3%
PCM Inc. (NASDAQ:PCMI)’s share price dropped 1.3% during mid-day trading on Friday . The company traded as low as $18.11 and last traded at $18.28, with a volume of 152,201 shares traded. The stock had previously closed at $18.53.
PCMI has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and issued a $17.00 target price on shares of PCM 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 for the company. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. 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 report on Saturday, July 30th.
The company has a 50 day moving average price of $16.03 and a 200-day moving average price of $11.11. The firm’s market cap is $214.30 million.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.29. The business had revenue of $581 million for the quarter, compared to the consensus estimate of $478.87 million. Equities research analysts anticipate that PCM Inc. will post $1.57 earnings per share for the current year.
In related news, Director Thomas A. Maloof sold 4,000 shares of PCM stock in a transaction dated 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 owns 73,500 shares in the company, valued at $1,369,305. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brandon H. Laverne sold 30,000 shares of PCM stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $16.99, for a total value of $509,700.00. Following the transaction, the chief financial officer now owns 12,879 shares of the company’s stock, 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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