Premier Inc. (NASDAQ:PINC) traded at a new 52-week high today of $38.78. Approximately 149,000 shares have changed hands today, as compared to an average 30-day volume of 622,000 shares.
In the past 52 weeks, shares of Premier Inc. have traded between a low of $30.13 and a high of $38.78 and is now at $38.78, which is 29% above that low price.
Premier Inc. (NASDAQ:PINC) is currently priced 1.4% above its average consensus analyst price target of $38.23.
Premier is a Charlotte, North Carolina-based national group purchasing organization providing primary supply chain services to large hospital systems and more recently to alternate outpatient locations as it expands its footprint. Through acquisitions, the company also offers a compliment of advisory services and consulting services along with software-as-a-service-based subscriptions. The company’s revenue is all sourced domestically and is reported in two business segments: the core supply chain services (approximately 70% of fiscal 2019 revenue) and the consulting and technology platform of performance services (approximately 30%).
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