ScanSource (NASDAQ:SCSC) Reaches New 1-Year Low - Should You Sell?

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The company traded as low as $34.32 and last traded at $34.43, with a volume of 60548 shares trading hands. The stock had previously closed at $35.44.

ScanSource Price Performance

The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. The firm has a fifty day simple moving average of $38.68 and a two-hundred day simple moving average of $45.20. The firm has a market cap of $792.85 million, a PE ratio of 13.36, a PEG ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its 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 quarter in the previous year, the business earned $0.85 earnings per share. Equities analysts predict that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Activity at ScanSource

In related news, CEO Michael L. Baur sold 15,000 shares of the firm's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $38.91, for a total value of $583,650.00. Following the completion of the sale, the chief executive officer now directly owns 162,760 shares in the company, valued at $6,332,991.60. This trade represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen Jones sold 2,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $36.14, for a total transaction of $72,280.00. Following 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 disclosure for this sale can be found here. In the last quarter, insiders sold 18,994 shares of company stock valued at $731,702. Insiders own 4.20% of the company's stock.

Institutional Trading of ScanSource

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in shares of ScanSource during the third quarter valued at approximately $35,000. Quarry LP grew its position in ScanSource by 948.7% in the 4th quarter. Quarry LP now owns 797 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 721 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in ScanSource in the fourth quarter worth $64,000. Point72 Asset Management L.P. bought a new stake in shares of ScanSource during the fourth quarter worth $81,000. Finally, Picton Mahoney Asset Management lifted its position in shares of ScanSource by 50.9% during the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company's stock worth $106,000 after purchasing an additional 758 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other 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.