ScanSource (NASDAQ:SCSC) Hits New 12-Month Low – What’s Next?

ScanSource, Inc. (NASDAQ:SCSC) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $35.05 and last traded at $35.79, with a volume of 14310 shares traded. The stock had previously closed at $36.04.

ScanSource Price Performance

The company has a fifty day simple moving average of $42.56 and a 200 day simple moving average of $46.50. The stock has a market capitalization of $838.65 million, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.14 and a beta of 1.41. 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) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the business earned $0.85 earnings per share. Equities research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling

In other ScanSource news, CAO Brandy Ford sold 1,845 shares of ScanSource stock in a transaction that occurred 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 directly owns 9,506 shares in the company, valued at approximately $469,406.28. The trade was a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $5,424,880. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,839 shares of company stock valued at $750,528 over the last quarter. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCSC. Sanctuary Advisors LLC increased its stake in ScanSource by 3.5% during the 4th quarter. Sanctuary Advisors LLC now owns 10,103 shares of the industrial products company’s stock valued at $479,000 after purchasing an additional 338 shares in the last quarter. Martingale Asset Management L P lifted its holdings in shares of ScanSource by 0.6% in the third quarter. Martingale Asset Management L P now owns 58,169 shares of the industrial products company’s stock valued at $2,794,000 after purchasing an additional 340 shares in the last quarter. Quest Partners LLC boosted its position in shares of ScanSource by 42.6% during the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after buying an additional 395 shares during the last quarter. KBC Group NV boosted its position in shares of ScanSource by 59.9% during the third 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 during the last quarter. Finally, Brandywine Global Investment Management LLC grew its holdings in ScanSource by 0.7% during the fourth quarter. Brandywine Global Investment Management LLC now owns 80,908 shares of the industrial products company’s stock worth $3,839,000 after buying an additional 538 shares in the last quarter. 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.