Payfare Inc. (TSE:PAY - Get Free Report) shares were down 1% during trading on Thursday . The stock traded as low as C$2.00 and last traded at C$2.02. Approximately 585,994 shares changed hands during trading, an increase of 130% from the average daily volume of 254,698 shares. The stock had previously closed at C$2.04.
Analyst Ratings Changes
PAY has been the subject of several research reports. B. Riley cut Payfare from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Raymond James downgraded shares of Payfare from an "outperform" rating to a "market perform" rating and cut their target price for the company from C$12.00 to C$3.00 in a research report on Monday, September 30th. Finally, Cantor Fitzgerald upgraded Payfare to a "strong-buy" rating in a report on Thursday, October 3rd.
View Our Latest Stock Report on Payfare
Payfare Trading Down 0.5 %
The company's 50 day simple moving average is C$3.50 and its two-hundred day simple moving average is C$5.70. The company has a quick ratio of 0.32, a current ratio of 1.22 and a debt-to-equity ratio of 0.08. The company has a market capitalization of C$96.44 million, a price-to-earnings ratio of 5.00 and a beta of 1.80.
About Payfare
(
Get Free Report)
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.
Read More
Before you consider Payfare, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Payfare wasn't on the list.
While Payfare currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
