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

ScanSource, Inc. (NASDAQ:SCSC) reached a new 52-week low during trading 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 Stock Down 0.8 %

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 company has a market cap of $860.99 million, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 1.14 and a beta of 1.43. The firm’s 50-day moving average price is $45.25 and its 200-day moving average price is $47.43.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data 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 period in the previous year, the company earned $0.85 EPS. Sell-side analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insider Activity at ScanSource

In other news, CAO Brandy Ford sold 1,845 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the completion of the sale, the chief accounting officer now owns 9,506 shares in the company, valued at $469,406.28. This represents a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $75,772.00. Following the completion of the sale, the chief executive officer now 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 a total of 18,839 shares of company stock worth $750,528 in the last three months. 4.20% of the stock is owned by company insiders.

Institutional Trading of ScanSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new stake in shares of ScanSource during the 3rd quarter valued at $30,000. Point72 DIFC Ltd purchased a new stake in shares of ScanSource during the third quarter valued at $35,000. Quarry LP boosted its position in shares of 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 purchasing an additional 721 shares during the period. KBC Group NV increased its stake in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 443 shares in the last quarter. Finally, Quest Partners LLC raised its holdings in ScanSource by 42.6% during the 3rd 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 during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

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.