Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) Releases Quarterly Earnings Results

Performant Healthcare, Inc. – Common Stock (NASDAQ:PHLT) issued its quarterly earnings results on Wednesday. The company reported $0.02 earnings per share for the quarter, reports. Performant Healthcare, Inc. – Common Stock had a negative net margin of 6.74% and a negative return on equity of 10.19%. The firm had revenue of $34.77 million for the quarter, compared to analyst estimates of $34.15 million.

Performant Healthcare, Inc. – Common Stock Price Performance

Shares of NASDAQ:PHLT opened at $2.52 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.67 and a quick ratio of 2.67. Performant Healthcare, Inc. – Common Stock has a 1 year low of $2.26 and a 1 year high of $4.35. The firm has a market capitalization of $197.29 million, a price-to-earnings ratio of -25.20 and a beta of 0.03. The stock has a 50 day moving average price of $2.46.

About Performant Healthcare, Inc. – Common Stock

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.