PCM Inc (NASDAQ:PCMI) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totalling 353,700 shares, a drop of 20.7% from the May 15th total of 446,300 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average daily volume of 208,600 shares, the short-interest ratio is currently 1.7 days.
Several equities analysts have recently weighed in on PCMI shares. B. Riley reiterated a “buy” rating on shares of PCM in a research note on Tuesday, March 26th. ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. BidaskClub upgraded shares of Misonix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 3rd. Zacks Investment Research lowered shares of Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Finally, Roth Capital cut their price objective on shares of Acer Therapeutics from $66.00 to $9.00 in a research report on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $30.67.
A number of institutional investors have recently made changes to their positions in the business. Royce & Associates LP lifted its position in PCM by 16.1% during the fourth quarter. Royce & Associates LP now owns 547,908 shares of the specialty retailer’s stock valued at $9,649,000 after purchasing an additional 76,155 shares during the last quarter. Vanguard Group Inc. lifted its position in PCM by 2.1% during the third quarter. Vanguard Group Inc. now owns 417,338 shares of the specialty retailer’s stock valued at $8,159,000 after purchasing an additional 8,590 shares during the last quarter. Acadian Asset Management LLC lifted its position in PCM by 61.2% during the first quarter. Acadian Asset Management LLC now owns 251,009 shares of the specialty retailer’s stock valued at $9,193,000 after purchasing an additional 95,272 shares during the last quarter. Morgan Stanley lifted its position in PCM by 216.6% during the third quarter. Morgan Stanley now owns 227,305 shares of the specialty retailer’s stock valued at $4,444,000 after purchasing an additional 155,518 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in PCM by 0.6% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,025 shares of the specialty retailer’s stock valued at $7,400,000 after purchasing an additional 1,119 shares during the last quarter. Institutional investors and hedge funds own 61.39% of the company’s stock.
Shares of PCMI stock traded up $0.08 during trading hours on Friday, reaching $34.87. The stock had a trading volume of 97,447 shares, compared to its average volume of 472,976. The stock has a fifty day simple moving average of $29.07. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. PCM has a 12 month low of $14.80 and a 12 month high of $39.69. The firm has a market capitalization of $427.40 million, a price-to-earnings ratio of 16.00, a PEG ratio of 0.71 and a beta of 1.37.
PCM (NASDAQ:PCMI) last released its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.11. PCM had a net margin of 1.14% and a return on equity of 19.06%. The company had revenue of $533.99 million during the quarter, compared to analyst estimates of $533.20 million. As a group, equities analysts expect that PCM will post 2.44 EPS for the current fiscal year.
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.
Read More: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for PCM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PCM and related companies with MarketBeat.com's FREE daily email newsletter.