PAR Technology (NYSE:PAR) announced its quarterly earnings results on Thursday. The software maker reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.07), Morningstar.com reports. PAR Technology had a negative net margin of 11.06% and a negative return on equity of 1.74%.
Shares of PAR opened at $25.07 on Friday. The firm has a market capitalization of $399.82 million, a price-to-earnings ratio of 96.42 and a beta of 0.01. PAR Technology has a fifty-two week low of $10.22 and a fifty-two week high of $28.53.
A number of brokerages have weighed in on PAR. ValuEngine upgraded shares of PAR Technology from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Roth Capital began coverage on shares of PAR Technology in a report on Tuesday, February 5th. They issued a “buy” rating and a $31.00 price target on the stock.
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PAR Technology Company Profile
PAR Technology Corporation, together with its subsidiaries, provides management technology solutions worldwide. The company operates through two segments, Restaurant/Retail and Government. The Restaurant/Retail segment offers cloud and on-premise software applications and hardware platforms, as well as related installation, technical, and maintenance support services.
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