ScanSource (NASDAQ:SCSC) Hits New 12-Month Low - Should You Sell?

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $33.22 and last traded at $34.25, with a volume of 151830 shares trading hands. The stock had previously closed at $33.79.

ScanSource Stock Performance

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 stock has a 50-day moving average price of $37.53 and a 200-day moving average price of $44.91. The company has a market capitalization of $710.26 million, a price-to-earnings ratio of 11.96, a PEG ratio of 1.14 and a beta of 1.41.

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 for the quarter, missing analysts' consensus estimates of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Insider Transactions at ScanSource

In other ScanSource news, CFO Stephen Jones sold 2,000 shares of the stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now directly owns 69,816 shares of the company's stock, valued at $2,523,150.24. This represents a 2.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares of the company's stock, valued at approximately $5,424,880. This represents a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,994 shares of company stock worth $731,702. 4.20% of the stock is owned by insiders.

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Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of ScanSource by 88.4% in the first quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 405 shares in the last quarter. Point72 DIFC Ltd bought a new stake in ScanSource in the 3rd quarter valued at about $35,000. Quarry LP grew its position in shares of ScanSource by 948.7% during 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 in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of ScanSource during the fourth quarter worth approximately $64,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of ScanSource in the fourth quarter valued at approximately $81,000. Institutional investors own 97.91% of the company's stock.

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.