PRGX Global Inc. (PRGX) Sees Unusually-High Trading Volume
PRGX Global Inc. (NASDAQ:PRGX) shares saw unusually-strong trading volume on Tuesday . Approximately 438,031 shares changed hands during mid-day trading, an increase of 752% from the previous session’s volume of 51,392 shares.The stock last traded at $4.79 and had previously closed at $4.79.
A number of equities analysts recently weighed in on PRGX shares. Zacks Investment Research upgraded PRGX Global from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research report on Friday, July 8th. B. Riley reiterated a “buy” rating and issued a $6.00 price target on shares of PRGX Global in a research report on Saturday, July 30th.
The firm’s 50-day moving average price is $4.99 and its 200-day moving average price is $4.68. The company’s market capitalization is $108.94 million.
PRGX Global (NASDAQ:PRGX) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.09. Equities research analysts expect that PRGX Global Inc. will post $0.07 earnings per share for the current fiscal year.
An institutional investor recently raised its position in PRGX Global stock. Dimensional Fund Advisors LP raised its position in PRGX Global Inc. (NASDAQ:PRGX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 671,650 shares of the company’s stock after buying an additional 14,698 shares during the period. Dimensional Fund Advisors LP owned about 2.94% of PRGX Global worth $2,499,000 at the end of the most recent reporting period.
PRGX Global, Inc (PRGX), together with its subsidiaries, provides recovery audit and spend analytics services. The Company provides recovery audit, procure-to-pay performance improvement, spend analytics and risk management services principally to large businesses and government agencies. The Company operates through three segments: Recovery Audit Services-Americas, Recovery Audit Services-Europe/Asia-Pacific and Adjacent Services.
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