ScanSource, Inc. (NASDAQ:SCSC – Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 835,400 shares, a growth of 50.0% from the March 31st total of 556,800 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 216,600 shares, the days-to-cover ratio is presently 3.9 days.
ScanSource Stock Up 0.2 %
NASDAQ:SCSC traded up $0.07 during trading hours on Friday, reaching $41.97. 101,408 shares of the stock were exchanged, compared to its average volume of 201,402. ScanSource has a twelve month low of $26.14 and a twelve month high of $45.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36. The firm has a 50 day moving average of $42.35 and a 200 day moving average of $38.15. The stock has a market cap of $1.06 billion, a PE ratio of 12.06, a PEG ratio of 1.24 and a beta of 1.51.
ScanSource (NASDAQ:SCSC – Get Free Report) last released its quarterly 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 firm had revenue of $884.79 million for the quarter, compared to analyst estimates of $943.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The company’s revenue was down 12.5% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS. On average, equities analysts expect that ScanSource will post 3.39 earnings per share for the current year.
Institutional Investors Weigh In On ScanSource
ScanSource Company Profile
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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