Raymond James cut shares of ScanSource (NASDAQ:SCSC – Free Report) from an outperform rating to a market perform rating in a research note published on Thursday, Marketbeat Ratings reports.
ScanSource Price Performance
NASDAQ:SCSC opened at $48.61 on Thursday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.44. ScanSource has a 12-month low of $26.99 and a 12-month high of $53.28. The company has a current ratio of 2.20, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average is $46.07 and its two-hundred day moving average is $44.35.
Insiders Place Their Bets
In other news, CEO Michael L. Baur sold 7,798 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $43.81, for a total transaction of $341,630.38. Following the sale, the chief executive officer now owns 118,080 shares in the company, valued at $5,173,084.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael L. Baur sold 34,203 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $42.49, for a total transaction of $1,453,285.47. Following the completion of the transaction, the chief executive officer now owns 118,080 shares of the company’s stock, valued at $5,017,219.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael L. Baur sold 7,798 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $43.81, for a total transaction of $341,630.38. Following the transaction, the chief executive officer now directly owns 118,080 shares in the company, valued at approximately $5,173,084.80. The disclosure for this sale can be found here. In the last three months, insiders sold 114,531 shares of company stock valued at $5,025,745. Company 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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