ScanSource (NASDAQ:SCSC) Reaches New 1-Year Low - What's Next?

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $36.51 and last traded at $36.49, with a volume of 50810 shares changing hands. The stock had previously closed at $36.99.

ScanSource Price Performance

The firm has a market cap of $859.02 million, a PE ratio of 14.47, a P/E/G ratio of 1.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The business's fifty day moving average is $44.45 and its 200-day moving average is $47.20.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued 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 previous year, the business posted $0.85 EPS. On average, research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Brandy Ford sold 1,845 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the sale, the chief accounting officer now directly owns 9,506 shares in the company, valued at approximately $469,406.28. The trade was a 16.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the sale, the chief executive officer now directly owns 142,760 shares in the company, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,839 shares of company stock valued at $750,528 in the last 90 days. Insiders own 4.20% of the company's stock.

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Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Gladius Capital Management LP purchased a new stake in shares of ScanSource during the third quarter worth $30,000. Point72 DIFC Ltd purchased a new stake in ScanSource during the 3rd quarter worth about $35,000. Quarry LP boosted its stake in ScanSource by 948.7% in the 4th quarter. Quarry LP now owns 797 shares of the industrial products company's stock worth $38,000 after purchasing an additional 721 shares during the period. KBC Group NV grew its holdings in ScanSource by 59.9% during the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock valued at $57,000 after buying an additional 443 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of ScanSource by 42.6% in the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock worth $64,000 after buying an additional 395 shares in the last quarter. 97.91% of the stock is currently owned by hedge funds and other institutional investors.

About ScanSource

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.