Raymond James downgraded shares of ScanSource (NASDAQ:SCSC – Free Report) from an outperform rating to a market perform rating in a report published on Thursday, MarketBeat reports.
ScanSource Stock Performance
Shares of SCSC opened at $48.61 on Thursday. The company has a 50-day moving average of $46.07 and a two-hundred day moving average of $44.35. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.42 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.20 and a quick ratio of 1.38. ScanSource has a one year low of $26.99 and a one year high of $53.28.
Insiders Place Their Bets
In other ScanSource news, EVP Shana C. Smith sold 2,245 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $48.00, for a total transaction of $107,760.00. Following the sale, the executive vice president now directly owns 16,463 shares of the company’s stock, valued at approximately $790,224. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Shana C. Smith sold 2,245 shares of ScanSource stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $48.00, for a total transaction of $107,760.00. Following the transaction, the executive vice president now owns 16,463 shares in the company, valued at $790,224. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael L. Baur sold 9,053 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $47.76, for a total value of $432,371.28. Following the completion of the sale, the chief executive officer now directly owns 118,080 shares of the company’s stock, valued at $5,639,500.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 114,531 shares of company stock worth $5,025,745. Corporate insiders own 4.56% of the company’s stock.
Institutional Inflows and Outflows
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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