Planet Payment Stock Rating Reaffirmed by Canaccord Genuity (PLPM)
Separately, analysts at TheStreet upgraded shares of Planet Payment from a “sell” rating to a “hold” rating in a research note on Wednesday, June 18th.
Shares of Planet Payment (NASDAQ:PLPM) traded down 2.01% on Thursday, hitting $2.44. The stock had a trading volume of 12,887 shares. Planet Payment has a 52 week low of $2.05 and a 52 week high of $4.03. The stock’s 50-day moving average is $2.48 and its 200-day moving average is $2.72. The company’s market cap is $131.3 million.
Planet Payment (NASDAQ:PLPM) last released its earnings data on Tuesday, August 12th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $11.90 million for the quarter, compared to the consensus estimate of $11.00 million. During the same quarter last year, the company posted $0.01 earnings per share. On average, analysts predict that Planet Payment will post $0.10 earnings per share for the current fiscal year.
Planet Group, Inc, also known as Planet Payment, is a United States-based company that provides currency conversion and multi-currency processing services.
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