PRGX Global Trading Down 6.1% Following Weak Earnings (PRGX)
PRGX Global (NASDAQ:PRGX) shares traded down 6.1% during mid-day trading on Tuesday after the company announced weaker than expected quarterly earnings, Stock Ratings Network.com reports. The company traded as low as $5.91 and last traded at $6.03, with a volume of 208,216 shares. The stock had previously closed at $6.42.
The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.08. During the same quarter in the previous year, the company posted $0.06 earnings per share.
Several analysts have recently commented on the stock. Analysts at William Blair downgraded shares of PRGX Global from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Separately, analysts at Zacks downgraded shares of PRGX Global from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 1st. They now have a $6.10 price target on the stock. Finally, analysts at Zacks upgraded shares of PRGX Global from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 29th. They now have a $6.50 price target on the stock.
The stock’s 50-day moving average is $6.53 and its 200-day moving average is $6.58. The company’s market cap is $182.8 million.
PRGX Global, Inc (NASDAQ:PRGX), together with its subsidiaries, is an analytics-powered information and professional services company.
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