Performant Financial (NASDAQ:PFMT) Share Price Crosses Above 200-Day Moving Average of $2.56

Performant Financial Co. (NASDAQ:PFMT) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.56 and traded as high as $2.84. Performant Financial shares last traded at $2.67, with a volume of 141,095 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Performant Financial in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

Performant Financial Stock Performance

The firm has a 50-day simple moving average of $2.34 and a 200-day simple moving average of $2.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.48 and a quick ratio of 3.48.

Institutional Trading of Performant Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC bought a new stake in Performant Financial during the 3rd quarter worth approximately $28,000. SG Americas Securities LLC bought a new stake in shares of Performant Financial during the 3rd quarter valued at $34,000. Squarepoint Ops LLC purchased a new position in shares of Performant Financial during the 1st quarter valued at $51,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Performant Financial during the 2nd quarter valued at $52,000. Finally, Citigroup Inc. bought a new position in Performant Financial in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 70.24% of the company’s stock.

Performant Financial Company Profile

Performant Financial Corporation provides technology-enabled audit, recovery, and analytics services in the United States. The company identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation, and claims submitted based on outdated fee schedules; and provides first party call center and other outsourced services.