Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Upgraded at B. Riley

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

Performant Healthcare, Inc. – Common Stock Stock Performance

Performant Healthcare, Inc. – Common Stock stock opened at $2.90 on Wednesday. The firm has a market cap of $227.04 million, a price-to-earnings ratio of -29.00 and a beta of 0.03. Performant Healthcare, Inc. – Common Stock has a one year low of $2.26 and a one year high of $4.35. The business’s 50 day moving average is $2.47. The company has a quick ratio of 2.67, a current 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 EPS for the quarter. The business had revenue of $34.77 million for the quarter, compared to analysts’ expectations of $34.15 million. Performant Healthcare, Inc. – Common Stock had a negative net margin of 6.74% and a negative return on equity of 10.19%. On average, analysts forecast that Performant Healthcare, Inc. – Common Stock will post -0.13 earnings per share for the current fiscal year.

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.