Payfare (TSE:PAY) Trading Down 0.5% – Time to Sell?

Payfare Inc. (TSE:PAY)’s stock price dropped 0.5% on Tuesday . The company traded as low as C$3.87 and last traded at C$3.88. Approximately 340,205 shares were traded during trading, a decline of 46% from the average daily volume of 628,206 shares. The stock had previously closed at C$3.90.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Cantor Fitzgerald raised Payfare to a “strong-buy” rating in a research report on Thursday, October 3rd. B. Riley lowered Payfare from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Raymond James lifted their target price on 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.

Payfare Price Performance

The company’s 50-day simple moving average is C$2.88 and its 200 day simple moving average is C$4.69. The company has a market cap of C$186.16 million, a PE ratio of 9.70 and a beta of 1.80. 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 released its earnings results on Wednesday, November 6th. The company reported C$0.13 earnings per share (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 in the previous year, the business earned $0.16 earnings per share. On average, sell-side analysts predict 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.