Price Change to Note: It Seems PCM Inc Will Go Up. Just Reaches 52-Week High

Price Change to Note: It Seems PCM Inc Will Go Up. Just Reaches 52 Week High

The stock of PCM Inc (NASDAQ:PCMI) hit a new 52-week high and has $39.77 target or 82.00% above today’s $21.85 share price. The 8 months bullish chart indicates low risk for the $253.10M company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $39.77 price target is reached, the company will be worth $207.54M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 70,948 shares traded hands. PCM Inc (NASDAQ:PCMI) has risen 172.06% since February 26, 2016 and is uptrending. It has outperformed by 161.64% the S&P500.

Analysts await PCM Inc (NASDAQ:PCMI) to report earnings on November, 3. They expect $0.31 earnings per share, up 244.44% or $0.22 from last year’s $0.09 per share. PCMI’s profit will be $3.59M for 17.62 P/E if the $0.31 EPS becomes a reality. After $0.66 actual earnings per share reported by PCM Inc for the previous quarter, Wall Street now forecasts -53.03% negative EPS growth.

PCM Inc (NASDAQ:PCMI) Ratings Coverage

Out of 2 analysts covering PCM Inc (NASDAQ:PCMI), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. PCM Inc has been the topic of 3 analyst reports since July 21, 2016 according to StockzIntelligence Inc. As per Thursday, August 25, the company rating was downgraded by TH Capital. The firm earned “Buy” rating on Thursday, July 21 by Roth Capital. The stock has “Neutral” rating given by Roth Capital on Thursday, August 25.

According to Zacks Investment Research, “PCM Inc. is a technology solutions provider to businesses, government and educational institutions and individual consumers. The Company’s operating segments consists of Commercial, Public Sector and MacMall. It offers technology products and solutions as well as consumer electronics equipment and other consumer products. PCM Inc., formerly known as PC Mall, Inc., is headquartered in El Segundo, California.”

More important recent PCM Inc (NASDAQ:PCMI) news were published by: Seekingalpha.com which released: “PCM Inc.: Not Yet A Short” on September 30, 2016, also Streetinsider.com published article titled: “PCM, Inc. (PCMI) Surges Following Blow-Out Q2”, Streetinsider.com published: “PCM, Inc. (PCMI) to Acquire B2B Assets of Systemax’s (SYX) NATG unit; Includes …” on November 18, 2015. More interesting news about PCM Inc (NASDAQ:PCMI) was released by: Globenewswire.com and their article: “PCM Acquires Acrodex, One of Canada’s Leading IT Solutions Providers” with publication date: October 28, 2015.

PCMI Company Profile

PCM, Inc., incorporated on February 9, 1995, is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Firm offers technology products, solutions and other consumer products. The Company’s divisions include Commercial, Public Sector, MacMall, Canada, and Corporate & Other. The Firm sells its products primarily to clients in the United States and Canada, and maintains offices throughout the United States and Canada, as well as in Montreal, Canada and Manila, Philippines.

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