PCM Inc (NASDAQ:PCMI) Director Thomas A. Maloof sold 5,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the completion of the transaction, the director now owns 70,500 shares of the company’s stock, valued at $1,663,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of PCMI traded up $0.85 during mid-day trading on Friday, reaching $22.80. 150,228 shares of the company were exchanged, compared to its average volume of 220,330. PCM Inc has a 52 week low of $6.90 and a 52 week high of $25.23. The company has a market capitalization of $269.36 million, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 0.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 0.89.
PCM (NASDAQ:PCMI) last released its earnings results on Wednesday, July 25th. The specialty retailer reported $0.77 EPS for the quarter, topping the consensus estimate of $0.51 by $0.26. PCM had a return on equity of 13.96% and a net margin of 0.33%. The business had revenue of $546.43 million during the quarter, compared to analysts’ expectations of $569.98 million. sell-side analysts anticipate that PCM Inc will post 2.02 EPS for the current year.
PCMI has been the subject of several research reports. Zacks Investment Research upgraded PCM from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, May 9th. ValuEngine upgraded PCM from a “strong sell” rating to a “sell” rating in a research report on Monday, June 11th. B. Riley raised their price objective on PCM to $25.00 in a research report on Thursday, July 26th. Finally, TheStreet upgraded PCM from a “d+” rating to a “c” rating in a research report on Thursday, July 26th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $21.33.
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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