Pacific Health Care Organization (OTCMKTS:PFHO) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of Pacific Health Care Organization, Inc. (OTCMKTS:PFHO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.83 and traded as low as $0.72. Pacific Health Care Organization shares last traded at $0.72, with a volume of 100 shares changing hands.

Pacific Health Care Organization Trading Down 10.1 %

The firm’s 50-day moving average price is $0.81 and its 200 day moving average price is $0.83. The company has a market capitalization of $9.21 million, a price-to-earnings ratio of 10.28 and a beta of 0.07.

Pacific Health Care Organization (OTCMKTS:PFHO) last released its earnings results on Friday, November 1st. The company reported $0.01 earnings per share for the quarter. Pacific Health Care Organization had a return on equity of 7.83% and a net margin of 14.16%. The firm had revenue of $1.53 million during the quarter.

About Pacific Health Care Organization

Pacific Health Care Organization, Inc, together with its subsidiaries, operates as a specialty workers' compensation cost containment company in the United States. It is involved in managing and administering health care organizations (HCOs) and medical provider networks (MPNs). The company also provides claims-related services, including utilization review, medical case management, medical bill review, employee advocate services, workers' compensation carve-outs, expert witness testimony, and Medicare set-aside services.