Penson Worldwide Climbs 12.1% To A 52-Week High (PNSN)

Shares of Dallas, Texas-based Penson Worldwide, Inc. PNSN are trading up 12.1% at $6.38 per share during the Friday afternoon trading session. The day's trading range for shares of Penson Worldwide, Inc has been between $5.70 and a 52-week high of $6.38 per share. Analysts covering the company's stock give it a consensus price target of $5.33 per share. Volume of 276,000 shares is already more than triple the daily average volume of 81,000 shares. Penson Worldwide, Inc. (PNSN) announced on Thursday after the market closed that it beat consensus Wall Street expectations. Penson Worldwide, Inc announced a smaller than expected 4th quarter loss of 11 cents per share, on revenue of $80.0 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for a loss of 13 cents per share, on revenue of $76.71 million. Penson Worldwide, Inc provides execution, clearing, custody, settlement and technology infrastructure products and services to financial services firms and others servicing the global financial services industry. Read more from Benzinga's Company news.