ScanSource (NASDAQ:SCSC) Reaches New 1-Year Low - Here's What Happened

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $34.85 and last traded at $35.06, with a volume of 257284 shares. The stock had previously closed at $36.65.

ScanSource Stock Performance

The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The stock has a market cap of $858.20 million, a price-to-earnings ratio of 14.46, a PEG ratio of 1.14 and a beta of 1.41. The stock's fifty day moving average is $40.51 and its 200-day moving average is $45.64.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its earnings results on Thursday, January 30th. The industrial products company reported $0.85 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 last year, the company earned $0.85 EPS. On average, analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Transactions at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 1,994 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.00, for a total transaction of $75,772.00. Following the completion of the sale, the chief executive officer now owns 142,760 shares of the company's stock, valued at $5,424,880. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.20% of the company's stock.

Institutional Trading of ScanSource

Institutional investors have recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in ScanSource in the 4th quarter worth about $78,694,000. Wasatch Advisors LP increased its holdings in shares of ScanSource by 13.2% during the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock worth $52,737,000 after purchasing an additional 127,883 shares during the period. American Century Companies Inc. raised its position 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 buying an additional 87,721 shares in the last quarter. Invesco Ltd. boosted 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 buying an additional 14,669 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of ScanSource by 15.6% in the fourth quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company's stock valued at $20,689,000 after buying an additional 58,927 shares during the period. 97.91% of the stock is currently 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.