Performant Healthcare, Inc. - Common Stock (NASDAQ:PHLT - Get Free Report) shares traded up 3.7% on Friday . The company traded as high as $3.12 and last traded at $3.11. 95,551 shares changed hands during trading, a decline of 39% from the average session volume of 157,042 shares. The stock had previously closed at $3.00.
Analyst Upgrades and Downgrades
Separately, B. Riley upgraded shares of Performant Healthcare, Inc. - Common Stock to a "strong-buy" rating in a report on Wednesday, March 12th.
Read Our Latest Report on PHLT
Performant Healthcare, Inc. - Common Stock Stock Performance
The company's 50-day simple moving average is $2.62. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.67 and a current ratio of 2.67. The firm has a market cap of $258.42 million, a P/E ratio of -33.00 and a beta of 0.30.
Performant Healthcare, Inc. - Common Stock (NASDAQ:PHLT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. Performant Healthcare, Inc. - Common Stock had a negative return on equity of 10.19% and a negative net margin of 6.74%. The business had revenue of $33.27 million during the quarter, compared to analysts' expectations of $29.92 million. As a group, research analysts forecast that Performant Healthcare, Inc. - Common Stock will post -0.13 earnings per share for the current year.
Insider Activity
In related news, Director Lisa Im sold 180,867 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $3.25, for a total value of $587,817.75. Following the completion of the sale, the director now owns 1,229,413 shares in the company, valued at $3,995,592.25. This represents a 12.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.20% of the stock is currently owned by company insiders.
Performant Healthcare, Inc. - Common Stock Company Profile
(
Get Free Report)
Performant Healthcare, Inc engages in the provision of technology-enabled audit, recovery, customer care, and related analytics services. Its services help identify improper payments, and in some markets, restructure and recover delinquent or defaulted assets and improper payments for both government and private clients.
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