ScanSource (NASDAQ:SCSC) Hits New 1-Year Low - Time to Sell?

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

ScanSource Trading Down 0.6 %

The stock has a market capitalization of $706.27 million, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The business has a 50 day simple moving average of $37.12 and a 200-day simple moving average of $44.74. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11.

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

Insider Transactions at ScanSource

In related news, CFO Stephen Jones sold 2,000 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $36.14, for a total value of $72,280.00. Following the completion of the transaction, the chief financial officer now owns 69,816 shares in the company, valued at $2,523,150.24. This trade represents a 2.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael L. Baur sold 1,994 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $5,424,880. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,994 shares of company stock valued at $731,702 in the last quarter. Insiders own 4.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SCSC. GAMMA Investing LLC lifted its position in shares of ScanSource by 4,168.2% in the 1st quarter. GAMMA Investing LLC now owns 66,115 shares of the industrial products company's stock valued at $2,249,000 after acquiring an additional 64,566 shares in the last quarter. Versant Capital Management Inc raised its stake in ScanSource by 88.4% during the 1st quarter. Versant Capital Management Inc now owns 863 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 405 shares during the period. First Hawaiian Bank lifted its holdings in shares of ScanSource by 139.9% in the first quarter. First Hawaiian Bank now owns 14,123 shares of the industrial products company's stock valued at $480,000 after purchasing an additional 8,235 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ScanSource in the fourth quarter worth $365,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of ScanSource during the fourth quarter valued at $3,771,000. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.