Datalink Corp. (DTLK) Sets New 12-Month High at $10.58
Datalink Corp. (NASDAQ:DTLK)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $10.58 and last traded at $10.56, with a volume of 182,469 shares traded. The stock had previously closed at $9.96.
A number of equities analysts recently issued reports on DTLK shares. Zacks Investment Research upgraded shares of Datalink Corp. from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Wednesday, August 3rd. Needham & Company LLC reiterated a “buy” rating and set a $9.00 price objective on shares of Datalink Corp. in a research report on Sunday, May 1st.
The firm has a 50 day moving average price of $8.57 and a 200-day moving average price of $8.13. The firm has a market cap of $227.53 million and a PE ratio of 30.15.
Datalink Corp. (NASDAQ:DTLK) last issued its earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $199.20 million for the quarter, compared to the consensus estimate of $186.59 million. During the same quarter in the prior year, the business earned $0.12 EPS. On average, equities research analysts predict that Datalink Corp. will post $0.65 earnings per share for the current fiscal year.
In other Datalink Corp. news, Director Greg R. Meland sold 40,000 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $7.97, for a total transaction of $318,800.00. Following the completion of the transaction, the director now owns 1,432,040 shares in the company, valued at $11,413,358.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Greg R. Meland sold 31,614 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $8.07, for a total transaction of $255,124.98. Following the transaction, the director now owns 1,400,426 shares of the company’s stock, valued at approximately $11,301,437.82. The disclosure for this sale can be found here.
Datalink Corporation is a provider of information technology (IT) services and solutions. The Company provides a full life cycle of services, including consulting, strategy, design, deploy, manage and support. The Company leverages technology from the original equipment manufacturers (OEMs) as part of its IT solutions portfolio.
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