Trade-Ideas LLC identified

Ingram Micro Inc A

(

IM

) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Ingram Micro Inc A as such a stock due to the following factors:

  • IM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $43.6 million.
  • IM traded 395,773 shares today in the pre-market hours as of 8:23 AM, representing 32.5% of its average daily volume.

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More details on IM:

Ingram Micro Inc. distributes information technology (IT) products; and provides supply chain and mobile device lifecycle services worldwide. The stock currently has a dividend yield of 1.4%. IM has a PE ratio of 22. Currently there are 6 analysts that rate Ingram Micro Inc A a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Ingram Micro Inc A has been 1.2 million shares per day over the past 30 days. Ingram Micro Inc A has a market cap of $4.2 billion and is part of the services sector and wholesale industry. The stock has a beta of 1.08 and a short float of 3.8% with 4.07 days to cover. Shares are down 3.2% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Ingram Micro Inc A as a

buy

. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • Net operating cash flow has significantly increased by 480.99% to $338.96 million when compared to the same quarter last year. In addition, INGRAM MICRO INC has also vastly surpassed the industry average cash flow growth rate of 8.38%.
  • Compared to where it was trading a year ago, IM's share price has not changed very much due to (a) the relatively weak year-over-year performance of the overall market, (b) the company's stagnant earnings, and (c) other mixed results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • The current debt-to-equity ratio, 0.31, is low and is below the industry average, implying that there has been successful management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.94 is somewhat weak and could be cause for future problems.
  • INGRAM MICRO INC's earnings per share declined by 6.7% in the most recent quarter compared to the same quarter a year ago. The company has suffered a declining pattern of earnings per share over the past two years. However, we anticipate this trend to reverse over the coming year. During the past fiscal year, INGRAM MICRO INC reported lower earnings of $1.67 versus $1.98 in the prior year. This year, the market expects an improvement in earnings ($2.68 versus $1.67).
  • IM, with its decline in revenue, slightly underperformed the industry average of 1.7%. Since the same quarter one year prior, revenues slightly dropped by 6.4%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.

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