Performant Financial Corp (NASDAQ:PFMT) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 8, 2016
Zacks Investment Research has downgraded Performant Financial Corp (NASDAQ:PFMT) to Hold in a report released on Thursday October 06, 2016.
Yesterday Performant Financial Corp (NASDAQ:PFMT) traded -1.28% lower at $3.10. The company’s 50-day moving average is $2.56 and its 200-day moving average is $1.98. The last closing price is up 56.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 15,558 shares of the stock traded hands, down from an average trading volume of 52,192
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Performant Financial Corp has a price-earnings ratio of 51.50 with a one year low of $1.51 and a one year high of $3.46 PFMT’s market cap is currently $0.
About Performant Financial Corp (NASDAQ:PFMT)
Performant Financial Corporation (Performant) provides technology-enabled recovery and related analytics services in the United States. The Company's services identify and recover delinquent or defaulted assets and improper payments for both government and private clients in a range of markets. The Company provides its services on an outsourced basis where the Company handles many or all aspects of its clients' recovery processes. The Company uses its technology-enabled services platform to provide recovery and analytics services in a range of markets for the identification and recovery of student loans, improper healthcare payments and delinquent state tax and federal treasury receivables. It provides recovery services to the government-supported student loan industry and its clients include the Department of Education and Guaranty Agencies, as well as private financial institutions. The Company provides recovery services related to improper payments in the healthcare market.
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