PCM Inc. (PCMI) Shares Down 1.3%
PCM Inc. (NASDAQ:PCMI) shares fell 1.3% on Friday . The company traded as low as $18.11 and last traded at $18.28, with a volume of 152,201 shares trading hands. The stock had previously closed at $18.53.
A number of brokerages have weighed in on PCMI. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of PCM in a report on Monday, July 25th. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Roth Capital began coverage on PCM in a report on Thursday, July 21st. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Zacks Investment Research upgraded PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective on the stock in a report on Saturday, July 30th.
The company’s market cap is $214.30 million. The company has a 50-day moving average of $16.24 and a 200-day moving average of $11.11.
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 company earned $581 million during the quarter, compared to analyst estimates of $478.87 million. Equities research analysts expect 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 the company’s stock in a transaction 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 transaction, the director now owns 73,500 shares of the company’s stock, valued at $1,369,305. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ronald B. Reck sold 19,466 shares of the company’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 transaction, the director now directly owns 40,966 shares in the company, valued at approximately $660,781.58. 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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