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ScanSource (SCSC) Catches Eye: Stock Adds 8.5% in Session

ScanSource, Inc.SCSC was a big mover last session, as its shares rose over 8% on the day. The move came after the company reported fiscal second-quarter 2017 net income of $23 million. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $39.55 to $41.25 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

ScanSource currently carries a Zacks Rank #3 (Hold).

ScanSource, Inc. Price

ScanSource, Inc. Price | ScanSource, Inc. Quote

A better-ranked stock in the Industrial Services space is DMC Global Inc. BOOM , carrying a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Is SCSC going up? Or down? Predict to see what others think: Up or Down

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Dynamic Materials Corp. (BOOM): Free Stock Analysis Report

ScanSource, Inc. (SCSC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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