ScanSource (NASDAQ:SCSC) Sets New 52-Week Low - Time to Sell?

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $35.05 and last traded at $35.79, with a volume of 14310 shares traded. The stock had previously closed at $36.04.

ScanSource Price Performance

The company's fifty day moving average is $41.86 and its 200 day moving average is $46.20. The firm has a market cap of $846.82 million, a price-to-earnings ratio of 14.26, a PEG ratio of 1.14 and a beta of 1.41. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.04). ScanSource had a return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the prior year, the business earned $0.85 EPS. On average, equities research analysts predict that ScanSource, Inc. will post 3.33 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Brandy Ford sold 1,845 shares of the stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the transaction, the chief accounting officer now directly owns 9,506 shares of the company's stock, valued at $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael L. Baur sold 15,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the transaction, the chief executive officer now directly owns 162,760 shares in the company, valued at $6,332,991.60. The trade was a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,839 shares of company stock valued at $750,528. 4.20% of the stock is currently owned by corporate insiders.

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Hedge Funds Weigh In On ScanSource

Several large investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of ScanSource by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company's stock valued at $131,828,000 after purchasing an additional 425,233 shares during the period. Castlekeep Investment Advisors LLC acquired a new position in shares of ScanSource in the fourth quarter valued at about $78,694,000. Wasatch Advisors LP grew its stake in shares of ScanSource by 13.2% in the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock valued at $52,737,000 after acquiring an additional 127,883 shares in the last quarter. American Century Companies Inc. grew its stake in shares of ScanSource by 13.1% in the fourth quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock valued at $36,030,000 after acquiring an additional 87,721 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of ScanSource by 2.4% in the fourth quarter. Invesco Ltd. now owns 618,099 shares of the industrial products company's stock valued at $29,329,000 after acquiring an additional 14,669 shares in the last quarter. 97.91% of the stock is owned by institutional investors.

ScanSource Company Profile

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.