PCM EVP Unloads $301,200 in Stock (PCMI)
PCM (NASDAQ:PCMI) EVP Robert Newton unloaded 30,000 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $10.04, for a total transaction of $301,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on PCMI shares. Analysts at TheStreet upgraded shares of PCM from a “hold” rating to a “buy” rating in a research note to investors on Friday, November 8th. Analysts at Thomson Reuters/Verus upgraded shares of PCM from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 4th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $10.10.
PCM (NASDAQ:PCMI) traded up 0.70% during mid-day trading on Wednesday, hitting $10.07. The stock had a trading volume of 21,952 shares. PCM has a 1-year low of $6.02 and a 1-year high of $11.96. The stock’s 50-day moving average is $9.99 and its 200-day moving average is $10.01. The company has a market cap of $117.9 million and a P/E ratio of 13.87.
PCM (NASDAQ:PCMI) last announced its earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.16. The company had revenue of $348.50 million for the quarter, compared to the consensus estimate of $365.17 million. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that PCM will post $0.83 EPS for the current fiscal year.
PCM, Inc, formerly PC Mall, Inc, is a direct marketer of technology products, services and solutions to businesses, government and educational institutions and individual consumers.
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