What To Expect From Priority Technology Holdings, Inc. ($PRTH) 3Q20 Earnings

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Priority Technology Holdings, Inc. (NASDAQ:PRTH) is reporting third quarter earnings results on Thursday 12th November 2020, after market close.

Previous Quarter Performance

Priority Technology Holdings, Inc. communicated loss for the second quarter of $ 0.12 per share, from the revenue of $ 92.36 million. Street analysts expected $ 115.20 million. The top line results fell short of analysts by $ 22.84 million or 19.83 percent.

Stock Performance

Shares of Priority Technology Holdings, Inc. traded up $ 0.01 or 0.37 percent on Wednesday, reaching $ 2.74 with volume of 24.10 thousand shares. Priority Technology Holdings, Inc. has traded high as $ 2.75 and has cracked $ 2.62 on the downward trend

The closing price of $ 2.74, representing a 105.26 % increase from the 52 week low of $ 1.33 and a 37.95 % decrease over the 52 week high of $ 4.40.

The company has a market capital of $ 184.04 million and is part of the Technology sector and Software – Infrastructure industry.

Priority Technology Holdings, Inc. provides merchant acquiring and commercial payment solutions in the United States. It operates through two segments, Consumer Payments; and Commercial Payments and Managed Services.