Patterson Companies (PDCO) : During the past 4 weeks, traders have been relatively bearish on Patterson Companies (PDCO), hence the stock is down -7.56% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.46% relative to the S&P 500. The 4-week change in the price of the stock is -6.6% and the stock has fallen -4.41% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.23% and the 50-Day Moving Average is 5.01%. Patterson Companies (NASDAQ:PDCO): On Fridays trading session , Opening price of the stock was $46.51 with an intraday high of $46.95. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $45.885. However, the stock managed to close at $45.97, a loss of 0.95% for the day. On the previous day, the stock had closed at $46.41. The total traded volume of the day was 645,012 shares.
The company Insiders own 0.46% of Patterson Companies shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -2.03% . Institutional Investors own 76.92% of Patterson Companies shares. During last six month period, the net percent change held by insiders has seen a change of -2.03%. Also, In the latest statement by the brokerage house, Evercore ISI Group downgrades its outlook on Patterson Companies (NASDAQ:PDCO). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on May 27, 2016.
Patterson Companies, Inc. is a distributor serving the dental, veterinary and rehabilitation supply markets. The Company operates through three segments: dental supply, veterinary supply and rehabilitation supply. The Companys dental supply segment provides consumable products (including x-ray film, restorative materials, hand instruments and sterilization products); basic and advanced technology dental equipment; practice management and clinical software; patient education systems, and office forms and stationery. The Companys veterinary supply segment distributes veterinary supplies to companion-pet (dogs, cats and other common household pets), equine and large animal veterinarians and veterinary clinics, public and private institutions and shelters across the United States and in the United Kingdom. The rehabilitation supply segment distributes rehabilitation medical supplies and equipment.