PCM Inc. (PCMI) Shares Down 5.9%
PCM Inc. (NASDAQ:PCMI)’s share price was down 5.9% on Thursday . The stock traded as low as $17.66 and last traded at $18.09, with a volume of 235,512 shares changing hands. The stock had previously closed at $19.22.
Several equities analysts have recently weighed in on PCMI shares. B. Riley restated a “buy” rating and set a $14.00 price objective on shares of PCM in a research report on Saturday, April 30th. Roth Capital started coverage on shares of PCM in a report on Thursday, July 21st. They issued a “buy” rating and a $16.00 target price for the company. TheStreet upgraded shares of PCM from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Zacks Investment Research upgraded shares of PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a report on Saturday, July 30th.
The stock’s market capitalization is $211.15 million. The company has a 50-day moving average of $14.91 and a 200 day moving average of $10.68.
PCM (NASDAQ:PCMI) last released its quarterly 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 business earned $581 million during the quarter, compared to the consensus estimate of $478.87 million. On average, equities analysts predict that PCM Inc. will post $1.57 EPS 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 value of $74,520.00. Following the completion of the transaction, the director now directly owns 73,500 shares of the company’s stock, valued at $1,369,305. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald B. Reck sold 19,466 shares of PCM stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $16.13, for a total value of $313,986.58. Following the completion of the transaction, the director now directly owns 40,966 shares of the company’s stock, valued at $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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