PCM EVP Sells $202,400 in Stock (PCMI)
PCM (NASDAQ:PCMI) EVP Robert I. Newton sold 20,000 shares of the stock on the open market in a transaction dated Friday, January 10th. The stock was sold at an average price of $10.12, for a total value of $202,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PCM (NASDAQ:PCMI) traded down 0.57% during mid-day trading on Monday, hitting $10.42. 20,234 shares of the company’s stock traded hands. PCM has a one year low of $6.02 and a one year high of $11.96. The stock’s 50-day moving average is $10.06 and its 200-day moving average is $10.03. The company has a market cap of $122.0 million and a price-to-earnings ratio of 14.54.
PCM (NASDAQ:PCMI) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the 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.
PCMI has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. PCM presently has an average rating of “Buy” and an average price target of $10.10.
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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