The Providence Service Co. (NASDAQ:PRSC)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $73.50 and last traded at $73.50, with a volume of 5913 shares changing hands. The stock had previously closed at $69.77.
Several equities research analysts have recently commented on PRSC shares. TheStreet raised The Providence Service from a “c” rating to a “b” rating in a research note on Thursday, May 14th. BidaskClub upgraded The Providence Service from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 22nd.
The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50-day moving average is $59.57 and its 200 day moving average is $61.13. The firm has a market capitalization of $901.01 million, a PE ratio of 36.53 and a beta of 0.73.
The Providence Service (NASDAQ:PRSC) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.30. The Providence Service had a net margin of 0.96% and a return on equity of 8.53%. The company had revenue of $367.29 million for the quarter.
Institutional investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Providence Service by 58.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 979 shares of the company’s stock valued at $54,000 after acquiring an additional 362 shares in the last quarter. Quantbot Technologies LP raised its stake in The Providence Service by 49.4% in the 4th quarter. Quantbot Technologies LP now owns 1,476 shares of the company’s stock valued at $87,000 after purchasing an additional 488 shares during the last quarter. Acadian Asset Management LLC acquired a new position in The Providence Service in the 4th quarter valued at about $136,000. Victory Capital Management Inc. boosted its stake in shares of The Providence Service by 24.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,523 shares of the company’s stock worth $149,000 after purchasing an additional 503 shares during the last quarter. Finally, Vestcor Investment Management Corp acquired a new stake in shares of The Providence Service during the 4th quarter worth about $157,000.
The Providence Service Company Profile (NASDAQ:PRSC)
The Providence Service Corporation provides healthcare services in the United States. It operates through Non-Emergency Transportation Services (NET Services) and Matrix Investment segments. The NET Services segment offers non-emergency medical transportation services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services.
Further Reading: What is a Swap?
Receive News & Ratings for The Providence Service Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Providence Service and related companies with MarketBeat.com's FREE daily email newsletter.