PCM Inc (PCMI) was Downgraded by ROTH Capital to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. ROTH Capital advised their investors in a research report released on Aug 25, 2016.
Many Wall Street Analysts have commented on PCM Inc. ROTH Capital Initiated PCM Inc on Jul 21, 2016 to “Buy”, Price Target of the shares are set at $16.
PCM Inc opened for trading at $18.27 and hit $19.62 on the upside on Tuesday, eventually ending the session at $19.3, with a gain of 6.57% or 1.19 points. The heightened volatility saw the trading volume jump to 4,01,973 shares. Company has a market cap of $225 M.
In a different news, on Aug 16, 2016, Thomas A Maloof (director) sold 4,000 shares at $18.62 per share price. According to the SEC, on Aug 4, 2016, Ronald B Reck (director) sold 19,466 shares at $16.12 per share price. On Aug 3, 2016, Brandon H Laverne (CFO) sold 30,000 shares at $17.19 per share price, according to the Form-4 filing with the securities and exchange commission.
PCM Inc. is a technology solutions provider company. The Company provides technology products services and solutions through its sales force and field service teams direct marketing channels and a range of retail stores. The Company offers technology products and solutions as well as consumer electronics equipment and other consumer products. The Company had three operating segments such as Commercial Public Sector and MacMall. It sells primarily to customers in the United States and maintains offices throughout the United States and maintains offices throughout the United States as well as in Montreal Canada and Manila Philippines. It serves its customers by offering products and services from brands such as Apple Cisco Dell HP Ingram Micro Lenovo Microsoft and Tech Data.