Ingram Micro (NYSE:INGM) Reaches New 52-Week Low – Time to Sell?

Ingram Micro Holding Corp. (NYSE:INGM) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $21.04 and last traded at $21.17, with a volume of 53987 shares. The stock had previously closed at $21.60.

Analysts Set New Price Targets

Several brokerages recently issued reports on INGM. Loop Capital started coverage on shares of Ingram Micro in a research report on Monday, November 18th. They set a “buy” rating and a $30.00 price target on the stock. Raymond James started coverage on shares of Ingram Micro in a report on Monday, November 18th. They set an “outperform” rating and a $28.00 target price for the company. Morgan Stanley started coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “equal weight” rating and a $24.00 price target on the stock. Melius Research raised Ingram Micro to a “hold” rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada assumed coverage on shares of Ingram Micro in a report on Monday, November 18th. They issued an “outperform” rating and a $26.00 price target for the company. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.79.

Ingram Micro Trading Down 1.4 %

The company has a current ratio of 1.40, a quick ratio of 0.96 and a debt-to-equity ratio of 0.93.

Ingram Micro (NYSE:INGM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $11.76 billion for the quarter. As a group, equities analysts predict that Ingram Micro Holding Corp. will post 2.79 earnings per share for the current fiscal year.

About Ingram Micro

Ingram Micro is a leading solutions provider by revenue for the global information technology (“IT”) ecosystem helping power the world’s leading technology brands. With our vast infrastructure and focus on client and endpoint solutions (formerly referred to as commercial & consumer, as described elsewhere in this prospectus), advanced solutions offerings and cloud-based solutions, we enable our business partners to scale and operate more efficiently in the markets they serve.