Is ScanSource, Inc. (SCSC) a Sell? The Stock Reaches Yearly Low Today

December 7, 2017 - By reb123z

Investors sentiment decreased to 1.03 in 2017 Q2. Its down 0.49, from 1.52 in 2017Q1. It worsened, as 23 investors sold ScanSource, Inc. shares while 51 reduced holdings. 22 funds opened positions while 54 raised stakes. 23.70 million shares or 2.62% less from 24.33 million shares in 2017Q1 were reported.
Utd Automobile Association holds 0.02% or 134,770 shares. Parkside Bank & Trust Tru holds 0% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC) for 21 shares. Systematic Financial Management L P, New Jersey-based fund reported 41,440 shares. Loomis Sayles & Company Ltd Partnership holds 185 shares. Prelude Cap Mgmt Ltd Liability Corp holds 100 shares or 0% of its portfolio. Bessemer Group holds 0.01% or 49,400 shares in its portfolio. Fmr Limited Liability reported 0.01% of its portfolio in ScanSource, Inc. (NASDAQ:SCSC). Washington-based Parametric Port Assocs Limited Company has invested 0.01% in ScanSource, Inc. (NASDAQ:SCSC). Manufacturers Life Ins The owns 19,013 shares or 0% of their US portfolio. Aperio Grp Inc Incorporated Ltd Liability Corporation holds 9,594 shares. Goldman Sachs Grp Inc invested in 0% or 95,375 shares. Bnp Paribas Arbitrage invested in 0% or 10,357 shares. Pzena Mngmt Ltd Limited Liability Company has 0.28% invested in ScanSource, Inc. (NASDAQ:SCSC) for 1.28M shares. 5,900 are held by Daiwa Securities Gru. Citigroup Inc owns 0% invested in ScanSource, Inc. (NASDAQ:SCSC) for 34,204 shares.

The stock of ScanSource, Inc. (NASDAQ:SCSC) hit a new 52-week low and has $33.30 target or 5.00 % below today’s $35.05 share price. The 8 months bearish chart indicates high risk for the $893.46 million company. The 1-year low was reported on Dec, 7 by Barchart.com. If the $33.30 price target is reached, the company will be worth $44.67M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.57% or $0.2 during the last trading session, reaching $35.05. About 105,455 shares traded or 37.63% up from the average. ScanSource, Inc. (NASDAQ:SCSC) has declined 0.87% since December 7, 2016 and is downtrending. It has underperformed by 17.57% the S&P500.

Analysts await ScanSource, Inc. (NASDAQ:SCSC) to report earnings on February, 6. They expect $0.79 earnings per share, up 5.33 % or $0.04 from last year’s $0.75 per share. SCSC’s profit will be $20.14M for 11.09 P/E if the $0.79 EPS becomes a reality. After $0.76 actual earnings per share reported by ScanSource, Inc. for the previous quarter, Wall Street now forecasts 3.95 % EPS growth.

ScanSource, Inc. (NASDAQ:SCSC) Ratings Coverage

Among 2 analysts covering ScanSource (NASDAQ:SCSC), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ScanSource had 3 analyst reports since August 12, 2015 according to SRatingsIntel. Northcoast upgraded the shares of SCSC in report on Wednesday, December 23 to “Buy” rating. The firm has “Sell” rating by Zacks given on Wednesday, August 12. The company was maintained on Tuesday, August 30 by Raymond James.

More news for ScanSource, Inc. (NASDAQ:SCSC) were recently published by: Businesswire.com, which released: “ScanSource Awarded 2017 National Distributor of the Year by Axis Communications” on November 28, 2017. Nasdaq.com‘s article titled: “ScanSource Inc. Reports 11% Increase In Q1 Profit” and published on November 06, 2017 is yet another important article.

ScanSource, Inc. distributes technology products and solutions in North America, Latin America, and Europe. The company has market cap of $893.46 million. The companyÂ’s Worldwide Barcode, Networking & Security segment focuses on automatic identification and data capture , point-of-sale (POS), networking, electronic physical security, 3D printing, and other specialty technologies. It has a 12.93 P/E ratio. The Company’s AIDC and POS products are used to automate the collection, processing, and communication of information for commercial and industrial applications, such as retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications; electronic physical security products, including identification, access control, video surveillance, intrusion-related, wireless, and networking infrastructure products; and 3D printing solutions to replace and complement traditional methods, as well as reduce the time and cost of designing new products.

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