Payfare (TSE:PAY) Sets New 12-Month Low at $1.76

Payfare Inc. (TSE:PAY) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$1.76 and last traded at C$2.18, with a volume of 5278624 shares changing hands. The stock had previously closed at C$8.35.

Analyst Ratings Changes

Separately, Raymond James raised their price objective on Payfare from C$10.00 to C$12.00 in a research note on Thursday, August 8th.

Payfare Price Performance

The stock has a 50-day moving average of C$7.80 and a two-hundred day moving average of C$6.89. The firm has a market cap of C$100.76 million, a price-to-earnings ratio of 5.38 and a beta of 2.12. The company has a current ratio of 1.22, a quick ratio of 0.32 and a debt-to-equity ratio of 0.08.

Payfare (TSE:PAY) last released its earnings results on Wednesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.01). Payfare had a return on equity of 27.84% and a net margin of 9.62%. The firm had revenue of C$55.99 million during the quarter, compared to analysts’ expectations of C$58.97 million. On average, analysts anticipate that Payfare Inc. will post 0.6901639 EPS for the current year.

About Payfare

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.