News to Track: Parsons Corporation (NYSE:PSN)
Parsons Corporation (NYSE:PSN) spotted trading -1.69% off 52-week high price. On the other end, the stock has been noted 48.50% away from the low price over the last 52-weeks. The stock changed 2.57% to recent value of $43.11. The stock transacted 415385 shares during most recent day however it has an average volume of 256.18K shares. The company has 99.71M of outstanding shares and 99.22M shares were floated in the market.
On Jan. 21, 2020, Parsons Corporation (NYSE:PSN) has been awarded a task order by the General Services Administration (GSA) to provide secure and resilient architecture development, systems engineering and integration, secure communications, and cyber risk and threat assessment for the enhancement and resiliency of weapon systems and special security capabilities required in dynamic operational space missions.
We are honored to continue advancing the critical mission of delivering resilient and affordable cyber capabilities into the space domain, said Robert Miller, senior vice president of business development, cyber & intelligence for Parsons. Our rapid, scalable cyber solutions provide end-to-end capabilities and protect national space assets from cyber intrusion as space becomes a more contested battlefield.
The company’s space cyber development expertise, understanding of multi-domain operations, and information assurance and cybersecurity capabilities provides GSA with a trusted partner who can support complex and rapidly evolving mission requirements across the federal government.
Its earnings per share (EPS) expected to touch remained 128.40% for this year. PSN has a gross margin of 21.00% and an operating margin of 2.40% while its profit margin remained 3.00% for the last 12 months.
According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.11% from the mean of 20 days, 6.14% from mean of 50 days SMA and performed 19.26% from mean of 200 days price. Company’s performance for the week was 0.28%, 5.84% for month and YTD performance remained 4.43%.
Roy Frigo an avid economist and an expert on global politics and economic pressures that can affect market conditions. He has a Masters Degree in Economics from Westminster University with previous roles including Investment Banking.
Address: 1316 Stephens Town Road, Linden, TN 37096 USA
Zip code: 37096