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.
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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