Roth Capital Initiates Coverage on PCM Inc to Buy

Roth Capital Initiates Coverage on PCM Inc(NASDAQ:PCMI). The shares have been rated Buy. The rating by Roth Capital was issued on Jul 21, 2016.

PCM Inc (PCMI) made into the market gainers list on Wednesdays trading session with the shares advancing 0.44% or 0.05 points. Due to strong positive momentum, the stock ended at $11.48, which is also near the day’s high of $11.5. The stock began the session at $11.43 and the volume stood at 15,652 shares. The 52-week high of the shares is $11.5 and the 52 week low is $7.48. The company has a current market capitalization of $133 M and it has 1,15,89,442 shares in outstanding.

PCM Inc(PCMI) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $498.03M. Analysts had an estimated revenue of $489.19M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Robert I Newton (EVP, General Counsel) sold 5,500 shares at $8.32 per share price.Also, On Mar 1, 2016, Frank F Khulusi (CEO) purchased 12,038 shares at $7.68 per share price.On May 11, 2015, Ronald B Reck (director) sold 10,000 shares at $9.83 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.

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