Priority Technology Holdings, Inc. (NASDAQ:PRTH – Get Free Report) CAO Rajiv Kumar sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.13, for a total transaction of $61,300.00. Following the sale, the chief accounting officer now owns 11,587 shares of the company’s stock, valued at $71,028.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Priority Technology Trading Down 5.6 %
Shares of PRTH opened at $6.35 on Thursday. Priority Technology Holdings, Inc. has a 1-year low of $2.79 and a 1-year high of $7.00. The stock has a market capitalization of $508.41 million, a P/E ratio of -10.95 and a beta of 0.97. The business’s 50-day moving average price is $5.49 and its 200 day moving average price is $4.37.
Priority Technology (NASDAQ:PRTH – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $219.87 million for the quarter. Priority Technology had a net margin of 0.74% and a negative return on equity of 9.60%.
Institutional Trading of Priority Technology
Wall Street Analysts Forecast Growth
Separately, Keefe, Bruyette & Woods raised their price objective on Priority Technology from $4.50 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, August 9th.
Check Out Our Latest Stock Report on Priority Technology
About Priority Technology
Priority Technology Holdings, Inc operates as a payment technology company in the United States. The company operates through three segments: Small and Medium-Sized Businesses (SMB) Payments, Business-To-Business (B2B) Payments, and Enterprise Payments. It offers SMB payments processing solutions for B2C transactions through independent sales organizations, financial institutions, independent software vendors, and other referral partners through its MX product suite, which includes MX Connect and MX Merchant products, such as MX Insights, MX Storefront, MX Retail, MX Invoice, MX B2B and ACH.com, and others, which provides flexible and customizable set of business applications that helps to manage critical business work functions and revenue performance to resellers and merchant clients using core payment processing.
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