PCM Inc. (PCMI) Hits New 12-Month High at $11.50
Shares of PCM Inc. (NASDAQ:PCMI) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.50 and last traded at $11.50, with a volume of 12,518 shares traded. The stock had previously closed at $11.43.
Several research firms recently issued reports on PCMI. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of PCM in a research report on Saturday, April 30th. Finally, Zacks Investment Research cut PCM from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st.
The firm’s 50-day moving average is $11.02 and its 200-day moving average is $9.31. The stock’s market capitalization is $133.04 million.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. On average, equities analysts expect that PCM Inc. will post $1.33 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in PCM stock. Royce & Associates LLC boosted its stake in PCM Inc. (NASDAQ:PCMI) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000,988 shares of the company’s stock after buying an additional 38,721 shares during the period. Royce & Associates LLC owned 8.42% of PCM worth $9,940,000 as of its most recent SEC filing.
PCM, Inc is a technology solutions provider company. The Company provides technology products, services and solutions through its sales force and field service teams, direct marketing channels and a range of retail stores. The Company offers technology products and solutions, as well as consumer electronics equipment and other consumer products.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.