Performant Financial Corporation (PFMT) Drops 5.79% on January 13

Equities Staff |

Performant Financial Corporation (PFMT) was one of the Russell 2000's biggest losers for Wednesday January 13 as the stock slid 5.79% to $1.79, a loss of $-0.11 per share. Starting at an opening price of $1.74 a share, the stock traded between $1.74 and $1.88 over the course of the trading day. Volume was 10,897 shares over 45 trades, against an average daily volume of 115,747 shares and a total float of 49.48 million.

The losses send Performant Financial Corporation down to a market cap of $88.56 million. In the last year, Performant Financial Corporation has traded between $6.15 and $1.65, and its 50-day SMA is currently $2.01 and 200-day SMA is $2.74.

Performant Financial Corp provides technology-enabled recovery and related analytics services in the United States. It helps identify and recover delinquent or defaulted assets and improper payments for both government and private clients.

Performant Financial Corporation is based out of Livermore, CA and has some 1,484 employees. Its CEO is Lisa C. Im.

For a complete fundamental analysis analysis of Performant Financial Corporation, check out Equities.com’s Stock Valuation Analysis report for PFMT. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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