Notable Price Action: What’s in PCM Inc After Today’s Significant Increase?

Notable Price Action: What's in PCM Inc After Today's Significant Increase?

The stock of PCM Inc (NASDAQ:PCMI) is a huge mover today! About 163,507 shares traded hands. PCM Inc (NASDAQ:PCMI) has risen 134.79% since April 26, 2016 and is uptrending. It has outperformed by 129.53% the S&P500.
The move comes after 7 months positive chart setup for the $231.56M company. It was reported on Nov, 29 by Barchart.com. We have $21.37 PT which if reached, will make NASDAQ:PCMI worth $11.58M more.

Analysts await PCM Inc (NASDAQ:PCMI) to report earnings on February, 16. They expect $0.36 earnings per share, up 620.00% or $0.31 from last year’s $0.05 per share. PCMI’s profit will be $4.10 million for 14.13 P/E if the $0.36 EPS becomes a reality. After $0.52 actual earnings per share reported by PCM Inc for the previous quarter, Wall Street now forecasts -30.77% negative EPS growth.

PCM Inc (NASDAQ:PCMI) Ratings Coverage

Out of 2 analysts covering PCM Inc (NASDAQ:PCMI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. PCM Inc has been the topic of 5 analyst reports since July 21, 2016 according to StockzIntelligence Inc. The stock of PCM Inc (NASDAQ:PCMI) has “Buy” rating given on Thursday, October 27 by TH Capital. The company was upgraded on Thursday, October 27 by Roth Capital. The rating was initiated by Roth Capital with “Buy” on Thursday, July 21. The firm earned “Neutral” rating on Thursday, August 25 by TH Capital. The rating was downgraded by Roth Capital on Thursday, August 25 to “Neutral”.

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.”

Another recent and important PCM Inc (NASDAQ:PCMI) news was published by Streetinsider.com which published an article titled: “PCM, Inc. (PCMI) Surges Following Blow-Out Q2” on July 27, 2016.

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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