PC Connection Inc. Sets New 1-Year High at $20.00 (PCCC)
Shares of PC Connection (NASDAQ:PCCC) hit a new 52-week high during mid-day trading on Friday, Analyst RN reports. The stock traded as high as $20.00 and last traded at $19.00, with a volume of 208,723 shares trading hands. The stock had previously closed at $17.54.
PCCC has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of PC Connection in a research note to investors on Tuesday, October 1st. They set a “buy” rating and a $18.00 price target on the stock. Separately, analysts at Zacks downgraded shares of PC Connection from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $19.20 price target on the stock. Finally, analysts at Roth Capital raised their price target on shares of PC Connection from $17.00 to $21.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
PC Connection has a one year low of $9.82 and a one year high of $17.65. The stock has a 50-day moving average of $15.84 and a 200-day moving average of $15.96. The company has a market cap of $498.1 million and a price-to-earnings ratio of 13.70.
PC Connection (NASDAQ:PCCC) last announced its earnings results on Thursday, October 24th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $580.40 million for the quarter, compared to the consensus estimate of $570.90 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.
PC Connection, Inc is a direct marketer of a range of information technology, or information technology (NASDAQ:PCCC), solutions.
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