Payfare (TSE:PAY) Trading Down 0.5% – Here’s Why

Payfare Inc. (TSE:PAYGet Free Report)’s share price fell 0.5% during trading on Tuesday . The stock traded as low as C$3.87 and last traded at C$3.88. 340,205 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 628,206 shares. The stock had previously closed at C$3.90.

Analyst Ratings Changes

Several analysts have recently weighed in on PAY shares. Cantor Fitzgerald upgraded shares of Payfare to a “strong-buy” rating in a research report on Thursday, October 3rd. Raymond James boosted their price target on shares of Payfare from C$3.00 to C$4.00 and gave the company a “market perform” rating in a research report on Monday, December 30th. Finally, B. Riley lowered Payfare from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th.

View Our Latest Report on Payfare

Payfare Stock Performance

The company has a market cap of C$186.16 million, a PE ratio of 9.70 and a beta of 1.80. The stock has a 50 day simple moving average of C$2.88 and a two-hundred day simple moving average of C$4.69. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.32.

Payfare (TSE:PAYGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.13 EPS for the quarter, missing the consensus estimate of C$0.16 by C($0.03). Payfare had a net margin of 9.62% and a return on equity of 27.84%. During the same quarter in the previous year, the company posted $0.16 earnings per share. Equities analysts predict that Payfare Inc. will post 0.1716172 EPS for the current year.

About Payfare

(Get Free Report)

Payfare Inc is a global fintech company offering mobile banking, instant payment, and loyalty-reward solutions. Its financial technology platform is providing financial inclusion and empowerment to next-generation workers around the globe with a full-service mobile bank account and debit card with instant access to their earnings and relevant cash-back rewards.

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