Priority Technology (NASDAQ:PRTH) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Priority Technology (NASDAQ:PRTH) issued its earnings results on Wednesday. The company reported ($0.12) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.09, MarketWatch Earnings reports.

PRTH traded down $0.13 during trading hours on Friday, hitting $2.09. The company’s stock had a trading volume of 1,012 shares, compared to its average volume of 35,141. The company has a 50-day simple moving average of $2.35 and a 200 day simple moving average of $2.13. The firm has a market capitalization of $155.02 million and a PE ratio of -4.18. Priority Technology has a fifty-two week low of $1.33 and a fifty-two week high of $6.60.

PRTH has been the subject of several recent research reports. Roth Capital restated a “buy” rating and set a $8.00 price target on shares of Priority Technology in a research report on Tuesday, June 30th. Zacks Investment Research cut shares of Priority Technology from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th.

In other Priority Technology news, CTO Sean Kiewiet sold 10,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $2.68, for a total transaction of $26,800.00. Following the completion of the transaction, the chief technology officer now owns 2,231,587 shares in the company, valued at approximately $5,980,653.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 82,566 shares of company stock valued at $187,083 in the last quarter. 88.70% of the stock is currently owned by insiders.

Priority Technology Company Profile

Priority Technology Holdings, Inc provides merchant acquiring and commercial payment solutions in the United States. It operates through two segments, Consumer Payments; and Commercial Payments and Managed Services. The company offers MX product suite, including MX ISO/Agent and VIMAS reseller technology systems, and MX Merchant products, which provide resellers and merchant clients a customizable set of business applications that enable to manage critical business work functions and revenue performance.

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Earnings History for Priority Technology (NASDAQ:PRTH)

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