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

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) was upgraded by investment analysts at B. Riley to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Performant Healthcare, Inc. – Common Stock Stock Up 9.9 %

PHLT opened at $2.77 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.67 and a current ratio of 2.67. The firm has a market capitalization of $216.87 million, a PE ratio of -27.70 and a beta of 0.03. Performant Healthcare, Inc. – Common Stock has a 12-month low of $2.26 and a 12-month high of $4.35. The company has a 50 day simple moving average of $2.46.

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.02 EPS for the quarter. The firm had revenue of $34.77 million during 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%. As a group, analysts expect that Performant Healthcare, Inc. – Common Stock will post -0.13 earnings per share for the current 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.