Points International Ltd. (NASDAQ:PCOM) dropped 2% on Wednesday . The company traded as low as $8.46 and last traded at $8.51, with a volume of 234,887 shares trading hands. The stock had previously closed at $8.68.

PCOM has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and issued a $9.50 target price on shares of Points International in a research note on Friday, June 10th. Zacks Investment Research raised shares of Points International from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, June 14th.

The firm has a market cap of $128.51 million, a PE ratio of 37.16 and a beta of 0.71. The company has a 50-day moving average of $8.42 and a 200-day moving average of $8.81.

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Points International (NASDAQ:PCOM) last released its quarterly earnings results on Wednesday, August 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. Points International had a return on equity of 8.15% and a net margin of 1.11%. On average, analysts predict that Points International Ltd. will post $0.44 EPS for the current fiscal year.

A hedge fund recently raised its stake in Points International stock. Renaissance Technologies LLC increased its position in shares of Points International Ltd. (NASDAQ:PCOM) by 16.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,900 shares of the company’s stock after buying an additional 37,000 shares during the period. Renaissance Technologies LLC owned about 1.75% of Points International worth $2,316,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 42.60% of the company’s stock.

Points International Company Profile

Points International Ltd. (Points) provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure. These services include a range of white label or private branded e-commerce services (Loyalty Currency Services) that enable the sale of loyalty currencies (such as frequent flyer miles, hotel points and credit card points), both retail and wholesale, and support the loyalty program consumer offerings and their back end operations.

5 Day Chart for NASDAQ:PCOM

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