PayPoint (LON:PAY) Reaches New 52-Week High at $655.00

PayPoint plc (LON:PAY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 655 ($8.31) and last traded at GBX 647 ($8.21), with a volume of 179400 shares changing hands. The stock had previously closed at GBX 640 ($8.12).

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 675 ($8.56) target price on shares of PayPoint in a research report on Wednesday, March 20th.

PayPoint Trading Up 2.2 %

The company has a debt-to-equity ratio of 98.19, a current ratio of 0.85 and a quick ratio of 0.65. The company has a market cap of £471.82 million, a P/E ratio of 1,476.74, a P/E/G ratio of 31.13 and a beta of 0.85. The stock’s 50-day moving average is GBX 560.20 and its two-hundred day moving average is GBX 522.48.

PayPoint Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be given a dividend of GBX 9.60 ($0.12) per share. This represents a yield of 1.69%. The ex-dividend date is Thursday, August 29th. This is a boost from PayPoint’s previous dividend of $9.50. PayPoint’s dividend payout ratio is 8,837.21%.

About PayPoint

PayPoint plc engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom. The company operates through two segments: PayPoint and Love2shop. The PayPoint segment provides card payment services to retailers, including leased payment devices; EPoS; ATM cash machines; SIM cards sales; receipt advertising; bill payment services and cash top-ups to individual consumers; parcel delivery and collection services; retailer service fees solutions; and digital payment services, as well as cash through to digital services.