Priority Techno Holdings Inc Up 5.11% To $3.29 After Earnings Miss

Priority Techno Holdings Inc (PRTH) said before open Tuesday that it lost $0.16 per share in quarter four 2023.

On the revenue line, the company reported $199.3 million, missing estimates by $2.6 million.

In the same quarter a year ago, the company lost $0.15 per share on revenue of $177.6 million.

The stock is up 5.11% to $3.29 after the report.

Priority Techno Holdings Inc's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Priority Techno Holdings Inc a Bearish Sentiment Rank from InvestorsObserver.

Priority Techno Holdings Inc has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 18, putting Priority Techno Holdings Inc in the bottom 25% of stocks. The firm was recently trading at a 52-week high of $5.03 on December 15, 2023 and set a 52-week low on September 7, 2023 at $2.62.

Priority Technology Holdings Inc is a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States. The company has three reportable segments namely Consumer Payments segment represents merchant card fee revenues, which are based on the electronic transaction processing of credit, debit, and electronic benefit transaction card processing authorized. It's Commercial Payments and Managed Services segment provides business-to-business automated payment processing services to buyers and suppliers, including virtual payments, purchase cards, electronic funds transfers, and check payments and the Integrated Partners segment.