Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Raised to “Strong-Buy” at B. Riley

B. Riley upgraded shares of Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Performant Healthcare, Inc. – Common Stock Price Performance

NASDAQ:PHLT opened at $2.77 on Wednesday. The stock has a market capitalization of $216.87 million, a P/E ratio of -27.70 and a beta of 0.03. The stock’s fifty day moving average is $2.46. Performant Healthcare, Inc. – Common Stock has a 1 year low of $2.26 and a 1 year high of $4.35. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 0.11.

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) last posted its earnings results on Wednesday, March 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $34.77 million for the quarter, compared to the consensus estimate of $34.15 million. Performant Healthcare, Inc. – Common Stock had a negative return on equity of 10.19% and a negative net margin of 6.74%. On average, analysts expect that Performant Healthcare, Inc. – Common Stock will post -0.13 earnings per share for the current fiscal year.

Performant Healthcare, Inc. – Common Stock Company Profile

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.