ScanSource (SCSC) Earning Somewhat Positive Media Coverage, Report Finds
News headlines about ScanSource (NASDAQ:SCSC) have trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. ScanSource earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 46.9120971001746 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
- Transition Networks Expands Technology Channel with ScanSource Partnership (prnewswire.com)
- ScanSource (SCSC) Downgraded by BidaskClub to Strong Sell (americanbankingnews.com)
- Head to Head Comparison: ScanSource (SCSC) versus ePlus (PLUS) (americanbankingnews.com)
- Here’s Why You Should Consider Buying ScanSource (SCSC) Now (msn.com)
ScanSource stock opened at $36.75 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.42. The company has a market cap of $926.96, a price-to-earnings ratio of 13.36, a PEG ratio of 3.83 and a beta of 1.01. ScanSource has a fifty-two week low of $31.40 and a fifty-two week high of $45.35.
SCSC has been the topic of several recent analyst reports. Zacks Investment Research cut ScanSource from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. BidaskClub raised ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine cut ScanSource from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Northcoast Research raised ScanSource from a “neutral” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Monday, March 26th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.50.
ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. The company's Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture (AIDC), point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies.
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