News coverage about ScanSource (NASDAQ:SCSC) has trended positive on Tuesday, Accern Sentiment reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ScanSource earned a daily sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.0685749231272 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
SCSC has been the topic of several research reports. Zacks Investment Research cut ScanSource from a “buy” rating to a “hold” rating in a report on Friday, February 9th. ValuEngine cut ScanSource from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, BidaskClub cut ScanSource from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.00.
Shares of ScanSource (NASDAQ SCSC) opened at $32.90 on Tuesday. ScanSource has a twelve month low of $31.40 and a twelve month high of $45.35. The company has a market capitalization of $848.97, a P/E ratio of 11.10, a P/E/G ratio of 3.51 and a beta of 1.05. The company has a quick ratio of 1.26, a current ratio of 2.15 and a debt-to-equity ratio of 0.42.
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ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.
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