ScanSource, Inc. (NASDAQ:SCSC – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.52 and traded as high as $44.18. ScanSource shares last traded at $43.42, with a volume of 203,105 shares changing hands.
ScanSource Stock Down 2.0 %
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20. The company has a market capitalization of $1.07 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 1.34 and a beta of 1.45. The firm’s 50-day simple moving average is $45.84 and its 200 day simple moving average is $42.52.
ScanSource (NASDAQ:SCSC – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). The firm had revenue of $752.60 million during the quarter, compared to analyst estimates of $822.10 million. ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The business’s revenue was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 EPS. As a group, equities research analysts forecast that ScanSource, Inc. will post 3.31 earnings per share for the current year.
Insider Buying and Selling at ScanSource
Institutional Trading of ScanSource
A number of hedge funds have recently added to or reduced their stakes in SCSC. EMC Capital Management lifted its holdings in shares of ScanSource by 3.5% during the 1st quarter. EMC Capital Management now owns 7,398 shares of the industrial products company’s stock worth $326,000 after acquiring an additional 247 shares during the period. Price T Rowe Associates Inc. MD raised its stake in ScanSource by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,572 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 813 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in shares of ScanSource by 10.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 21,862 shares of the industrial products company’s stock valued at $962,000 after purchasing an additional 2,011 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of ScanSource during the 1st quarter valued at $1,651,000. Finally, Hillsdale Investment Management Inc. grew its stake in shares of ScanSource by 8.4% during the 1st quarter. Hillsdale Investment Management Inc. now owns 86,206 shares of the industrial products company’s stock valued at $3,797,000 after buying an additional 6,700 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.
About ScanSource
ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.
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