Shares of Performant Financial Corp (NASDAQ:PFMT) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as low as $1.15. Performant Financial shares last traded at $1.15, with a volume of 1,295 shares.
A number of analysts have issued reports on PFMT shares. Zacks Investment Research raised shares of Performant Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 16th. ValuEngine raised shares of Performant Financial from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.
The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $58.46 million, a PE ratio of -3.44 and a beta of 0.18. The stock’s fifty day moving average price is $1.21.
Performant Financial (NASDAQ:PFMT) last released its quarterly earnings data on Tuesday, May 7th. The business services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.05). The company had revenue of $34.88 million for the quarter, compared to analyst estimates of $33.50 million. Performant Financial had a negative return on equity of 25.34% and a negative net margin of 18.69%. On average, equities analysts predict that Performant Financial Corp will post -0.34 earnings per share for the current year.
An institutional investor recently bought a new position in Performant Financial stock. Wagner Bowman Management Corp purchased a new stake in Performant Financial Corp (NASDAQ:PFMT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,000 shares of the business services provider’s stock, valued at approximately $26,000. 57.07% of the stock is owned by institutional investors and hedge funds.
Performant Financial Company Profile (NASDAQ:PFMT)
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs.
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