PCM (PCMI) Getting Somewhat Favorable Media Coverage, Analysis Finds
News headlines about PCM (NASDAQ:PCMI) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PCM earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 46.540842335126 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research firms recently issued reports on PCMI. ValuEngine raised PCM from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. B. Riley reaffirmed a “buy” rating and set a $33.00 target price on shares of PCM in a report on Tuesday, July 25th. Finally, BidaskClub raised PCM from a “hold” rating to a “buy” rating in a report on Saturday, July 15th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $28.23.
PCM (NASDAQ PCMI) traded up 0.36% on Tuesday, reaching $14.05. The company had a trading volume of 119,794 shares. PCM has a 12 month low of $11.80 and a 12 month high of $31.20. The company’s 50 day moving average price is $13.64 and its 200-day moving average price is $17.08. The company has a market capitalization of $176.95 million, a price-to-earnings ratio of 11.25 and a beta of 0.88.
PCM declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 9th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 6.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
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PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector, Canada and United Kingdom.
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