News stories about Planet Payment (NASDAQ:PLPM) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Planet Payment earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media headlines about the credit services provider an impact score of 47.3337303717397 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, Zacks Investment Research downgraded Planet Payment from a “hold” rating to a “sell” rating in a research note on Friday, August 11th.
Planet Payment (PLPM) traded up 7.96% during midday trading on Friday, hitting $4.34. The company’s stock had a trading volume of 1,255,907 shares. The company’s 50-day moving average is $3.67 and its 200 day moving average is $3.73. Planet Payment has a one year low of $2.75 and a one year high of $4.64. The company has a market cap of $213.69 million, a price-to-earnings ratio of 9.56 and a beta of 0.61.
Planet Payment (NASDAQ:PLPM) last posted its earnings results on Wednesday, August 9th. The credit services provider reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Planet Payment had a return on equity of 25.86% and a net margin of 48.14%. The business had revenue of $12.50 million during the quarter, compared to the consensus estimate of $13.56 million. Planet Payment’s revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that Planet Payment will post $0.17 EPS for the current year.
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About Planet Payment
Planet Payment, Inc is a provider of international payment and transaction processing and multi-currency processing services. The Company operates through two segments: multi-currency processing services and payment processing services. Its multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.
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