PAR Technology (NYSE:PAR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

PAR Technology Co. (NYSE:PAR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $49.63 and traded as high as $60.99. PAR Technology shares last traded at $60.71, with a volume of 296,062 shares.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com raised PAR Technology to a “sell” rating in a report on Wednesday, September 18th. Stephens boosted their target price on PAR Technology from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group boosted their target price on PAR Technology from $52.00 to $59.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Benchmark restated a “buy” rating and issued a $69.00 price target on shares of PAR Technology in a report on Friday, August 9th. Finally, Needham & Company LLC upped their target price on PAR Technology from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, PAR Technology has a consensus rating of “Moderate Buy” and an average target price of $64.17.

PAR Technology Stock Down 1.7 %

The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -235.96 and a beta of 2.16. The firm has a 50 day moving average price of $55.64 and a two-hundred day moving average price of $49.82. The company has a quick ratio of 2.80, a current ratio of 3.12 and a debt-to-equity ratio of 0.64.

PAR Technology (NYSE:PAR) last posted its quarterly earnings results on Thursday, August 8th. The software maker reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.05). The firm had revenue of $78.20 million during the quarter, compared to analyst estimates of $115.14 million. PAR Technology had a negative return on equity of 10.93% and a net margin of 0.44%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.65) earnings per share. As a group, sell-side analysts expect that PAR Technology Co. will post -1.67 earnings per share for the current year.

Hedge Funds Weigh In On PAR Technology

Large investors have recently bought and sold shares of the business. Arcadia Investment Management Corp MI bought a new position in PAR Technology in the second quarter worth about $32,000. Amalgamated Bank lifted its holdings in PAR Technology by 25.5% in the second quarter. Amalgamated Bank now owns 1,166 shares of the software maker’s stock worth $55,000 after acquiring an additional 237 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in PAR Technology in the first quarter worth about $78,000. LRI Investments LLC bought a new position in PAR Technology in the first quarter worth about $99,000. Finally, nVerses Capital LLC bought a new position in PAR Technology in the third quarter worth about $125,000.

PAR Technology Company Profile

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.