Payfare Inc. (TSE:PAY - Get Free Report) fell 1.8% on Wednesday . The stock traded as low as C$3.85 and last traded at C$3.86. 322,774 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 484,458 shares. The stock had previously closed at C$3.93.
Wall Street Analysts Forecast Growth
Separately, Raymond James raised their price target on shares of 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.
Read Our Latest Stock Analysis on Payfare
Payfare Price Performance
The company has a debt-to-equity ratio of 0.07, a current ratio of 1.24 and a quick ratio of 0.32. The firm has a market capitalization of C$184.63 million, a P/E ratio of 9.60 and a beta of 1.80. The firm's 50 day simple moving average is C$3.55 and its two-hundred day simple moving average is C$4.41.
Payfare Company Profile
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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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