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Shares of Performant Financial Corp. (NASDAQ:PFMT) hit a new 52-week low during mid-day trading on Friday , ARN reports. The company traded as low as $7.11 and last traded at $7.30, with a volume of 521,083 shares traded. The stock had previously closed at $7.94.

Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of Performant Financial Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday. Separately, analysts at TheStreet downgraded shares of Performant Financial Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, February 12th. Finally, analysts at Goldman Sachs downgraded shares of Performant Financial Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Performant Financial Corp. currently has an average rating of “Hold” and an average target price of $12.25.

The stock’s 50-day moving average is $9.05 and its 200-day moving average is $10.08. The company has a market cap of $352.0 million and a price-to-earnings ratio of 11.34.

Performant Financial Corporation (NASDAQ:PFMT) provide technology-enabled recovery and related analytics services in the United States.

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