PRGX Global Inc. (PRGX) Trading 4.3% Higher
PRGX Global Inc. (NASDAQ:PRGX) shares traded up 4.3% on Wednesday . The stock traded as high as $5.15 and last traded at $5.05, with a volume of 50,693 shares changing hands. The stock had previously closed at $4.84.
Several research analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $6.00 price objective on shares of PRGX Global in a report on Saturday, July 30th. Zacks Investment Research cut shares of PRGX Global from a “buy” rating to a “strong sell” rating in a report on Thursday, July 28th.
The company’s 50 day moving average price is $4.98 and its 200 day moving average price is $4.68. The firm’s market capitalization is $107.19 million.
PRGX Global (NASDAQ:PRGX) last issued its earnings results on Tuesday, July 26th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.09. Equities analysts predict that PRGX Global Inc. will post $0.07 EPS for the current year.
A hedge fund recently raised its stake in PRGX Global stock. Dimensional Fund Advisors LP raised its stake in PRGX Global Inc. (NASDAQ:PRGX) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 671,650 shares of the company’s stock after buying an additional 14,698 shares during the period. Dimensional Fund Advisors LP owned approximately 2.94% of PRGX Global worth $2,499,000 as of its most recent filing with the SEC.
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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