Stock News in Focus: PRA Group (NASDAQ:PRAA)

PRA Group (NASDAQ:PRAA)stock observed trading -29.96% off 52-week high price. On the other end, the stock has been noted 30.63% away from low price over the last 52-weeks. The stock disclosed a move of -19.82% away from 50 day moving average and -17.85% away from 200 day moving average. Moving closer, we can see that shares have been trading -11.26% off 20-day moving average. It has market cap of $1.34B.

On March 31, 2020, PRA Group (NASDAQ:PRAA) a global leader in acquiring and collecting nonperforming loans, declared that on March 27, 2020 it amended and expanded its European credit facility, increasing the committed facility by $200 million for a total European revolving credit facility of $1.3 billion.  The amended facility extends the maturity of the facility to February 19, 2023 and includes an accordion feature to allow for future increases.

I am excited to announce the expansion and extension of our European Credit Facility.  This process started several months ago in order to capitalize on the opportunity in the European market.  I am gratified that in the midst of this crisis, our European bank group had the confidence in us to keep this process on track.  We appreciate their continued support and commitment to PRA Group, said Pete Graham, executive vice president and chief financial officer for PRA Group.

The USA based company PRA Group moved with change of -1.18% to $27.72 with the total traded volume of 462306 shares in recent session versus to an average volume of 331.60K. The stock was observed in the 5 days activity at 4.76%. The one month performance of stock was -28.09%. PRAA’s shares are at -24.05% for the quarter and driving a 1.61% return over the course of the past year and is now at -23.64% since this point in 2018.  Right now the stock beta is 1.44. The average volatility for the week and month was at 8.78% and 9.79% respectively. There are 48.35M shares outstanding and 44.59M shares are floated in market.

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