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

Payfare Inc. (TSE:PAY)’s share price fell 0.5% during mid-day trading on Tuesday . The stock traded as low as C$3.87 and last traded at C$3.88. 340,205 shares traded hands during 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 equities analysts recently weighed in on the company. Cantor Fitzgerald upgraded Payfare to a “strong-buy” rating in a research report on Thursday, October 3rd. B. Riley cut Payfare from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Raymond James raised their target price on Payfare from C$3.00 to C$4.00 and gave the company a “market perform” rating in a research note on Monday, December 30th.

Payfare Trading Up 0.5 %

The company has a market cap of C$188.08 million, a P/E ratio of 9.80 and a beta of 1.80. The business has a fifty day simple moving average of C$2.91 and a 200 day simple moving average of C$4.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.32 and a current ratio of 1.22.

Payfare (TSE:PAY) last issued its earnings results on Wednesday, November 6th. The company reported C$0.13 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the company earned $0.16 earnings per share. Analysts anticipate that Payfare Inc. will post 0.1716172 earnings per share for the current fiscal year.

About Payfare

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.