Payfare Inc. (TSE:PAY – Get Free Report)’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.
Get Our Latest Analysis on Payfare
Payfare Trading Up 0.5 %
Payfare (TSE:PAY – Get Free Report) 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.
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