PCM Inc (NASDAQ:PCMI) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 156,000 shares, a decline of 55.9% from the May 30th total of 353,700 shares. Based on an average daily trading volume, of 262,400 shares, the short-interest ratio is currently 0.6 days. Approximately 1.8% of the company’s shares are sold short.
Shares of NASDAQ PCMI traded up $0.08 during trading hours on Friday, hitting $34.87. The company’s stock had a trading volume of 97,447 shares, compared to its average volume of 472,976. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 1.06. The stock has a market capitalization of $426.41 million, a PE ratio of 16.00, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. PCM has a 12 month low of $14.80 and a 12 month high of $39.69. The stock has a 50-day moving average price of $29.07.
PCM (NASDAQ:PCMI) last posted its earnings results on Thursday, April 25th. The specialty retailer reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. The company had revenue of $533.99 million for the quarter, compared to analysts’ expectations of $533.20 million. PCM had a return on equity of 19.06% and a net margin of 1.14%. On average, equities research analysts anticipate that PCM will post 2.44 earnings per share for the current fiscal year.
Several research firms have recently commented on PCMI. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a report on Monday, June 24th. Roth Capital decreased their price objective on Acer Therapeutics from $66.00 to $9.00 in a report on Tuesday, June 25th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. BidaskClub upgraded Misonix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 3rd. Finally, B. Riley reiterated a “buy” rating on shares of PCM in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.67.
PCM Company Profile
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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