Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded PC Connection from a “sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Sidoti cut PC Connection from a “buy” rating to a “neutral” rating and dropped their price target for the company from $53.00 to $50.00 in a research report on Monday. Finally, ValuEngine cut PC Connection from a “sell” rating to a “strong sell” rating in a research report on Monday.
Shares of CNXN stock opened at $40.71 on Tuesday. PC Connection has a fifty-two week low of $30.10 and a fifty-two week high of $56.33. The stock has a market cap of $1.06 billion, a P/E ratio of 12.80 and a beta of 0.96. The business has a fifty day simple moving average of $44.97 and a 200-day simple moving average of $43.72. The company has a quick ratio of 2.21, a current ratio of 2.70 and a debt-to-equity ratio of 0.02.
Institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can purchased a new stake in PC Connection during the 4th quarter worth about $52,000. USA Financial Portformulas Corp purchased a new stake in PC Connection during the 1st quarter worth about $50,000. Bank of Montreal Can increased its position in PC Connection by 49.7% during the 4th quarter. Bank of Montreal Can now owns 1,596 shares of the company’s stock worth $79,000 after purchasing an additional 530 shares in the last quarter. Advisor Group Inc. increased its position in PC Connection by 8.7% during the 4th quarter. Advisor Group Inc. now owns 3,334 shares of the company’s stock worth $165,000 after purchasing an additional 267 shares in the last quarter. Finally, Mason Street Advisors LLC purchased a new stake in PC Connection during the 1st quarter worth about $158,000. Hedge funds and other institutional investors own 43.68% of the company’s stock.
About PC Connection
PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.
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