NASDAQ:SCSC - Get Free Report )'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $47.57 and last traded at $47.54, with a volume of 9273 shares changing hands. The stock had previously closed at $46.59.
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ScanSource Stock Performance The stock has a 50-day moving average of $42.64 and a 200 day moving average of $38.82. The stock has a market cap of $1.19 billion, a PE ratio of 13.61, a P/E/G ratio of 1.26 and a beta of 1.51. The company has a quick ratio of 1.36, a current ratio of 2.30 and a debt-to-equity ratio of 0.17.
ScanSource (NASDAQ:SCSC - Get Free Report ) last released its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.15). The firm had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. ScanSource's revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Equities analysts predict that ScanSource, Inc. will post 3.39 EPS for the current fiscal year.
Institutional Trading of ScanSource Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of ScanSource by 3.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 620,761 shares of the industrial products company's stock valued at $18,815,000 after buying an additional 23,343 shares in the last quarter. Campbell & CO Investment Adviser LLC grew its position in ScanSource by 53.7% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 43,974 shares of the industrial products company's stock valued at $1,333,000 after acquiring an additional 15,372 shares in the last quarter. Raymond James & Associates purchased a new stake in ScanSource during the fourth quarter worth about $1,748,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of ScanSource by 43.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 53,052 shares of the industrial products company's stock worth $1,608,000 after purchasing an additional 16,064 shares in the last quarter. Finally, First Hawaiian Bank boosted its stake in shares of ScanSource by 13.7% in the fourth quarter. First Hawaiian Bank now owns 21,321 shares of the industrial products company's stock valued at $845,000 after purchasing an additional 2,574 shares during the period. Hedge funds and other institutional investors own 97.91% of the company's stock.
About ScanSource (
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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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