PCM (NASDAQ:PCMI) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of PCM (NASDAQ:PCMI) from a sell rating to a hold rating in a report issued on Friday morning, BidAskClub reports.

PCMI has been the topic of several other research reports. Zacks Investment Research downgraded shares of PCM from a strong-buy rating to a hold rating in a report on Thursday, June 27th. Roth Capital downgraded shares of PCM from a buy rating to a neutral rating and reduced their price objective for the company from $36.00 to $35.00 in a research note on Tuesday, June 25th. Finally, ValuEngine raised shares of PCM from a hold rating to a buy rating in a research note on Monday, June 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $30.67.

Shares of NASDAQ PCMI traded down $0.02 on Friday, hitting $34.87. The company’s stock had a trading volume of 112,222 shares, compared to its average volume of 143,536. PCM has a 12-month low of $14.80 and a 12-month high of $39.69. The stock has a market cap of $426.90 million, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 0.94. The company has a 50 day simple moving average of $32.96.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Investors Research Corp purchased a new position in shares of PCM during the first quarter valued at approximately $55,000. Group One Trading L.P. purchased a new position in shares of PCM during the first quarter valued at approximately $55,000. Macquarie Group Ltd. purchased a new position in shares of PCM during the fourth quarter valued at approximately $62,000. Aperio Group LLC purchased a new position in shares of PCM during the second quarter valued at approximately $74,000. Finally, Penserra Capital Management LLC purchased a new position in shares of PCM during the first quarter valued at approximately $91,000. 62.02% of the stock is currently owned by institutional investors and hedge funds.

About PCM

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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