Points International Ltd. (NASDAQ:PCOM) dropped 1.9% during mid-day trading on Tuesday . The company traded as low as $8.86 and last traded at $8.93, with a volume of 52,008 shares trading hands. The stock had previously closed at $9.10.

PCOM has been the subject of a number of recent research reports. Zacks Investment Research lowered Points International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 6th. B. Riley reiterated a “neutral” rating and issued a $9.50 target price on shares of Points International in a research note on Tuesday, May 10th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $23.00 target price (up previously from $21.75) on shares of Points International in a research note on Friday, May 6th.

The company’s 50-day moving average price is $9.30 and its 200 day moving average price is $8.52. The firm has a market capitalization of $135.22 million and a PE ratio of 31.89.

A hedge fund recently raised its stake in Points International stock. Pembroke Management LTD raised its stake in shares of Points International Ltd. (NASDAQ:PCOM) by 20.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,559,801 shares of the company’s stock after buying an additional 266,001 shares during the period. Points International comprises about 1.7% of Pembroke Management LTD’s holdings, making the stock its 28th largest position. Pembroke Management LTD owned about 10.24% of Points International worth $21,057,000 as of its most recent filing with the SEC.

Points International Ltd. (Points) is a provider of e-commerce solutions for the loyalty rewards industry. The Company’s products help the loyalty programs increase loyalty member engagement and leverage their online presence. The Company provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure.

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