Presurance (NASDAQ:PRHI – Get Free Report) posted its earnings results on Wednesday. The company reported $0.35 EPS for the quarter, FiscalAI reports. The business had revenue of $9.14 million for the quarter. Presurance had a negative net margin of 41.92% and a negative return on equity of 104.13%.
Presurance Stock Down 9.4%
Shares of PRHI stock traded down $0.43 during mid-day trading on Wednesday, reaching $4.16. 6,949 shares of the company were exchanged, compared to its average volume of 12,165. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The business’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $4.94. The company has a market capitalization of $15.58 million, a P/E ratio of -0.43 and a beta of 1.05. Presurance has a fifty-two week low of $3.36 and a fifty-two week high of $19.81.
Analyst Ratings Changes
A number of brokerages have commented on PRHI. UBS Group set a $7.00 price objective on shares of Presurance in a report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Presurance in a research report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Presurance currently has an average rating of “Sell” and a consensus target price of $7.00.
About Presurance
Conifer Holdings, Inc, an insurance holding company, engages in the sale of property and casualty insurance products. It offers insurance coverage in specialty commercial and personal product lines. The company underwrites various specialty insurance products, including property, general liability, liquor liability, automobile, and homeowners and dwelling policies. It serves the commercial insurance needs of owner-operated businesses in the markets, such as hospitality, which includes restaurants, bars, taverns, and bowling centers, as well as small grocery and convenience stores; artisan contractors comprising plumbers, painters, carpenters, electricians, and other independent contractors; and security service providers, including companies that provide security guard services, security alarm products and services, and private investigative services.
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