PCM Inc. (PCMI) Hits New 1-Year High at $11.50
PCM Inc. (NASDAQ:PCMI)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $11.50 and last traded at $11.50, with a volume of 12,518 shares trading hands. The stock had previously closed at $11.43.
Several equities analysts have recently issued reports on the company. B. Riley reiterated a “buy” rating and set a $14.00 price objective on shares of PCM in a research report on Saturday, April 30th. TheStreet upgraded PCM from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Roth Capital began coverage on PCM in a research report on Thursday. They set a “buy” rating and a $16.00 price objective for the company. Finally, Zacks Investment Research downgraded PCM from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st.
The stock’s 50 day moving average is $11.06 and its 200 day moving average is $9.34. The stock’s market cap is $134.08 million.
PCM (NASDAQ:PCMI) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. On average, analysts anticipate that PCM Inc. will post $1.33 earnings per share for the current year.
A hedge fund recently raised its stake in PCM stock. Royce & Associates LLC raised its position in shares of PCM Inc. (NASDAQ:PCMI) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.
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.