Trading summary of Watch List active stock: Priority Technology Holdings, Inc. (NASDAQ: PRTH)

On 22 Jan 2020, Priority Technology Holdings, Inc. (NASDAQ: PRTH) spotted trading -65.94% off 52-week high price. On the other end, the stock has been noted 32.74% away from the low price over the last 52-weeks. The stock changed -1.66% to recent value of $2.96. The stock transacted 13362 shares during most recent day however it has an average volume of 30.01K shares.

Priority Technology Holdings, Inc. (PRTH) recently reported its third quarter 2019 financial results.

Discussion of Third Quarter Results

Revenue:

Consolidated

Consolidated revenue in the third quarter of 2019 was $110.0M, a raise of $6.4M, or 6.1% contrast with the 2018 third quarter. Revenue growth rate was importantly restrained by the before discussed wind-down of the subscription-billing e-commerce merchants. Consolidated adjusted revenue of $108.7M increased $16.9M, or 18.4%.

Total merchant bankcard volume processed in the third quarter of 2019 of $10.8B grew by 11.0%, as contrast with $9.7B in the third quarter of 2018. Merchant bankcard transactions of 132.1M in the third quarter of 2019 grew by 9.2%, as contrast with 120.9M in the third quarter of 2018. Average ticket (calculated by dividing bankcard volume processed by the associated number of transactions processed) of $81.60 grew 1.6% in the third quarter of 2019, as contrast with $80.28 in the third quarter of 2018.

Consumer Payments Reportable Section

Consumer Payments revenue in the third quarter of 2019 was $94.1M, a decline of $1.7M contrast with the 2018 third quarter. Revenue from the subscription-billing e-commerce merchants declined $10.5M quarter over quarter. Consumer Payments adjusted revenue of $92.8M increased $8.8M, or 10.4%.

Merchant bankcard volume processed in the third quarter of 2019 of $10.6B grew by 9.6%, as contrast with $9.6B in the third quarter of 2018. Merchant bankcard transactions of 131.6M in the third quarter of 2019 grew by 8.9%, contrast with $120.9M in the third quarter of 2018. Average ticket of $80.26 grew 0.6% in the third quarter of 2019, as contrast with $79.78 in the third quarter of 2018.

Commercial Payments Reportable Section

Commercial Payments revenue in the third quarter of 2019 amounted to $7.0M, which was consistent with the 2018 third quarter. Revenue from CPX accounts payable automated solutions of $2.0M in the third quarter of 2019 increased 82.9% contrast with the 2018 third quarter. Revenue from curated managed services programs of $5.0M in the third quarter of 2019 declined by $0.9M contrast with the 2018 third quarter. The managed services decline was largely driven by lower incentive revenue in the third quarter of 2019.

Integrated Partners Reportable Section

Integrated Partners revenue in the third quarter of 2019 amounted to $8.9M contrast with $0.8M in the third quarter of 2018. Priority Real Estate Technology (“PRET”) comprised $8.4M of this reportable section’s revenue in the third quarter of 2019. PRET is comprised of the assets purchased from YapStone, Inc. in March 2019 and the net assets purchased from RadPad Holdings, Inc. in July 2018. These acquisitions formed our real estate services business, which provides a single platform for rent, dues and storage that meets the needs of all landlord constituents, spanning from integrated enterprise property managers to middle market partners and small/local landlords. Revenue from Priority PayRight Health Solutions and Priority Hospitality Technology, which commenced operations in April 2018 and February 2019, respectively, comprised the remainder of this reportable section’s revenue.

The company has 65.89M of outstanding shares and 9.58M shares were floated in the market.    According to the most recent quarter its current ratio was 1.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.90% from the mean of 20 days, -2.16% from mean of 50 days SMA and performed -43.67% from mean of 200 days price. Company’s performance for the week was -1.99%, 12.12% for month and YTD performance remained 20.82%.

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