Public Policy (NASDAQ:PPHC) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Public Policy Holding Company, Inc. (NASDAQ:PPHC)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $10.89 and traded as high as $11.32. Public Policy shares last traded at $10.98, with a volume of 59,671 shares traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on PPHC. Wall Street Zen raised Public Policy from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Public Policy in a report on Wednesday, July 8th. Finally, Weiss Ratings raised Public Policy from a “sell (e)” rating to a “sell (d-)” rating in a report on Tuesday, October 13th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $17.00.

Public Policy Trading Up 1.3%

The firm has a market cap of $333.79 million and a PE ratio of 99.82. The company’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $11.24. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.29.

Public Policy (NASDAQ:PPHC) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.34 earnings per share (EPS) for the quarter. The business had revenue of $52.14 million for the quarter. Public Policy had a negative net margin of 18.85% and a negative return on equity of 0.26%. As a group, sell-side analysts forecast that Public Policy Holding Company, Inc. will post 0.50 earnings per share for the current fiscal year.

Public Policy Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, October 23rd. Shareholders of record on Friday, September 25th were given a dividend of $0.1170 per share. The ex-dividend date was Friday, September 25th. This represents a yield of 212.0%. Public Policy’s payout ratio is presently 209.09%.

Hedge Funds Weigh In On Public Policy

Large investors have recently modified their holdings of the business. Copeland Capital Management LLC acquired a new stake in shares of Public Policy in the 3rd quarter valued at approximately $83,000. State Street Corp acquired a new position in Public Policy during the second quarter worth $375,000. Ancora Advisors LLC acquired a new position in Public Policy during the second quarter worth $1,869,000. Finally, Graham Capital Wealth Management LLC grew its holdings in Public Policy by 4.7% during the third quarter. Graham Capital Wealth Management LLC now owns 295,485 shares of the company’s stock worth $3,017,000 after acquiring an additional 13,249 shares during the period.

Public Policy Company Profile

Public Policy Holding Company, Inc (NASDAQ: PPHC) is a government relations and public affairs company that provides strategic advisory services to organizations seeking to understand and influence public policy. Through its portfolio of specialized firms, the company works with corporations, trade associations, nonprofit organizations and other institutions on legislative, regulatory and reputational matters.

Its services include federal and state-level lobbying, public affairs strategy, strategic communications, grassroots and coalition campaigns, issue advocacy, public opinion research and stakeholder engagement.