Presurance (NASDAQ:PRHI) Stock Price Down 4% – Here’s Why

Shares of Presurance Holdings, Inc. (NASDAQ:PRHI) fell 4% during mid-day trading on Friday . The company traded as low as $4.41 and last traded at $4.7250. 8,360 shares traded hands during mid-day trading, an increase of 157% from the average daily volume of 3,258 shares. The stock had previously closed at $4.92.

Analyst Ratings Changes

PRHI has been the subject of several research analyst reports. UBS Group set a $7.00 target price on Presurance in a research note on Thursday, May 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Presurance in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Presurance presently has a consensus rating of “Sell” and a consensus price target of $7.00.

Presurance Stock Performance

The firm has a market cap of $17.72 million, a price-to-earnings ratio of -0.49 and a beta of 1.05. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average of $5.15 and a 200 day moving average of $4.94.

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.