Shares of ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $44.03, but opened at $39.66. ScanSource shares last traded at $45.01, with a volume of 33,379 shares.
ScanSource Price Performance
The stock has a market capitalization of $1.13 billion, a PE ratio of 12.89, a PEG ratio of 1.26 and a beta of 1.51. The firm's fifty day moving average price is $42.43 and its two-hundred day moving average price is $38.61. 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 announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.14). The company had revenue of $884.79 million for the quarter, compared to analysts' expectations of $943.10 million. ScanSource had a net margin of 2.45% and a return on equity of 9.18%. ScanSource's quarterly revenue was down 12.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. On average, equities analysts predict that ScanSource, Inc. will post 3.39 earnings per share for the current year.
Institutional Investors Weigh In On ScanSource
A number of large investors have recently made changes to their positions in SCSC. Gladius Capital Management LP bought a new stake in ScanSource during the third quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new stake in shares of ScanSource in the 4th quarter worth $46,000. SG Americas Securities LLC bought a new position in shares of ScanSource during the 1st quarter valued at approximately $128,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in ScanSource by 23.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,473 shares of the industrial products company's stock worth $166,000 after acquiring an additional 1,034 shares during the period. Finally, Bailard Inc. purchased a new position in ScanSource during the third quarter valued at approximately $215,000. 97.91% of the stock is currently owned by institutional investors.
ScanSource Company Profile
(
Get Free Report)
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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