Separately, Acumen Capital started coverage on shares of Points International in a research report on Thursday, December 12th. They set a buy rating and a $19.00 price target for the company.
Shares of PCOM stock traded up $0.32 on Thursday, reaching $9.10. 29,700 shares of the stock were exchanged, compared to its average volume of 90,517. The stock has a market cap of $115.99 million, a P/E ratio of 10.71 and a beta of 1.71. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $13.39 and a two-hundred day moving average of $13.35. Points International has a 1-year low of $7.07 and a 1-year high of $19.06.
An institutional investor recently raised its position in Points International stock. Geode Capital Management LLC raised its position in Points International Ltd. (NASDAQ:PCOM) (TSE:PTS) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,417 shares of the information services provider’s stock after buying an additional 5,189 shares during the period. Geode Capital Management LLC owned approximately 0.32% of Points International worth $646,000 at the end of the most recent quarter. 58.62% of the stock is owned by institutional investors and hedge funds.
Points International Company Profile
Points International Ltd. provides e-commerce and technology services to loyalty program operators in the United States, Europe, and internationally. It operates through three segments: Loyalty Currency Retailing, Platform Partners, and Points Travel. The Loyalty Currency Retailing segment provides products and services designed to help loyalty program members unlock the value of their loyalty currency and accelerate the time to a reward.
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