ScanSource Inc. (SCSC) Jumps 18.93% on February 10

Equities Staff |

ScanSource Inc. (SCSC) was among the biggest gainers on the Russell 2000 for Wednesday February 10 as the stock popped 18.93% to $37.23, representing a gain of $5.925 per share. Some 355,421 shares traded hands on 3,915 trades, compared with an average daily volume of 179,397 shares out of a total float of 26.76 million. The stock opened at $33.25 and traded with an intraday range of $37.48 to $32.01.

After today's gains, ScanSource Inc. reached a market cap of $996.31 million. ScanSource Inc. has had a trading range between $41.95 and $27.46 over the last year, and it had a 50-day SMA of $32.64 and a 200-day SMA of $36.49.

The stock has a P/E Ratio of 14.4.

ScanSource is a wholesale distributor of specialty technology products. It provides value-added distribution services for technology manufacturers and sells to resellers in technology markets.

ScanSource Inc. is based out of Greenville, SC and has some 2,000 employees. Its CEO is Michael L. Baur.

For a complete fundamental analysis analysis of ScanSource Inc., check out Equities.com’s Stock Valuation Analysis report for SCSC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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