Public Policy (NASDAQ:PPHC) Trading Down 0.6% – Time to Sell?
by Teresa Graham · The Cerbat GemShares of Public Policy Holding Company, Inc. (NASDAQ:PPHC – Get Free Report) traded down 0.6% on Thursday . The company traded as low as $11.34 and last traded at $11.64. 88,829 shares were traded during trading, a decline of 24% from the average session volume of 116,640 shares. The stock had previously closed at $11.71.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Public Policy in a report on Tuesday, March 24th. Weiss Ratings assumed coverage on Public Policy in a report on Friday, April 24th. They set a “sell (e)” rating for the company. Zacks Research raised Public Policy to a “hold” rating in a report on Tuesday, February 24th. Wall Street Zen raised Public Policy to a “hold” rating in a report on Friday, February 6th. Finally, Oppenheimer assumed coverage on Public Policy in a report on Monday, February 23rd. They set an “outperform” rating and a $16.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.00.
Read Our Latest Analysis on PPHC
Public Policy Stock Down 10.6%
The firm’s 50-day moving average price is $12.92.
Public Policy (NASDAQ:PPHC – Get Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). The firm had revenue of $49.90 million during the quarter, compared to analysts’ expectations of $49.90 million.
Public Policy Dividend Announcement
The company also recently announced a dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 24th were given a $0.24 dividend. The ex-dividend date was Friday, April 24th. This represents a yield of 342.0%.
About Public Policy
Our mission is to become the preeminent provider of global strategic communications by uniting a diverse group of leading government relations, corporate communications and public affairs specialists around the world for the collective success of our clients, employees, and shareholders. Founded by veteran advisors with decades of experience in Washington, DC’s public policy and government relations landscape, we have grown and diversified our global communications advisory business through targeted acquisitions and organic growth.