PCM (NASDAQ:PCMI) Raised to “Hold” at BidaskClub

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BidaskClub upgraded shares of PCM (NASDAQ:PCMI) from a sell rating to a hold rating in a research report report published on Friday morning, BidAskClub reports.

A number of other equities research analysts have also recently issued reports on PCMI. Roth Capital cut PCM from a buy rating to a neutral rating and lowered their price objective for the company from $36.00 to $35.00 in a research note on Tuesday, June 25th. ValuEngine upgraded PCM from a hold rating to a buy rating in a research note on Monday, June 24th. Finally, Zacks Investment Research cut PCM from a strong-buy rating to a hold rating in a research note on Thursday, June 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $30.67.

Shares of PCM stock opened at $34.84 on Friday. PCM has a 52-week low of $14.80 and a 52-week high of $39.69. The firm has a 50-day moving average price of $33.51. The company has a market cap of $427.39 million, a PE ratio of 15.98, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.24.

Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. grew its holdings in PCM by 22.6% during the 2nd quarter. Advisor Group Inc. now owns 3,624 shares of the specialty retailer’s stock valued at $127,000 after buying an additional 667 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in PCM by 0.6% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 202,025 shares of the specialty retailer’s stock valued at $7,400,000 after buying an additional 1,119 shares in the last quarter. Quantamental Technologies LLC grew its holdings in PCM by 67.6% during the 1st quarter. Quantamental Technologies LLC now owns 3,680 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 1,484 shares in the last quarter. Investors Research Corp purchased a new position in PCM during the 1st quarter valued at about $55,000. Finally, Group One Trading L.P. purchased a new position in PCM during the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 62.42% of the company’s stock.

About PCM

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.

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