Presurance (NASDAQ:PRHI) Posts Earnings Results

Presurance (NASDAQ:PRHI) released its quarterly earnings results on Wednesday. The company reported $0.35 EPS for the quarter, FiscalAI reports. Presurance had a negative return on equity of 104.13% and a negative net margin of 41.92%.The firm had revenue of $9.14 million for the quarter.

Presurance Price Performance

Shares of NASDAQ:PRHI traded up $0.55 during trading on Thursday, hitting $4.71. 69,558 shares of the company’s stock were exchanged, compared to its average volume of 12,728. The business’s 50-day simple moving average is $5.09 and its 200 day simple moving average is $4.93. The company has a market cap of $17.65 million, a price-to-earnings ratio of -0.48 and a beta of 1.05. Presurance has a 52-week low of $3.36 and a 52-week high of $19.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PRHI shares. UBS Group set a $7.00 price objective on shares of Presurance in a research report on Thursday, May 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Presurance in a research note on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell” and a consensus price target of $7.00.

Presurance Company Profile

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.