Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Issues Quarterly Earnings Results

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) posted its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, reports. Performant Healthcare, Inc. – Common Stock had a negative net margin of 6.74% and a negative return on equity of 10.19%. The firm had revenue of $34.77 million during the quarter, compared to analyst estimates of $34.15 million.

Performant Healthcare, Inc. – Common Stock Trading Up 9.9 %

Shares of Performant Healthcare, Inc. – Common Stock stock opened at $2.77 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.67 and a quick ratio of 2.67. The company has a market capitalization of $216.87 million, a PE ratio of -27.70 and a beta of 0.03. Performant Healthcare, Inc. – Common Stock has a 1-year low of $2.26 and a 1-year high of $4.35. The business’s 50-day moving average price is $2.46.

Analysts Set New Price Targets

Separately, B. Riley raised shares of Performant Healthcare, Inc. – Common Stock to a “strong-buy” rating in a research report on Wednesday.

About Performant Healthcare, Inc. – Common Stock

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.