Payfare (TSE:PAY - Get Free Report) had its price objective increased by equities researchers at Raymond James from C$3.00 to C$4.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "market perform" rating on the stock. Raymond James' price objective would suggest a potential upside of 3.90% from the stock's previous close.
A number of other research firms have also issued reports on PAY. Cantor Fitzgerald raised Payfare to a "strong-buy" rating in a research report on Thursday, October 3rd. B. Riley lowered shares of Payfare from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th.
Check Out Our Latest Report on PAY
Payfare Stock Up 1.3 %
Shares of TSE PAY traded up C$0.05 during mid-day trading on Tuesday, hitting C$3.85. The company had a trading volume of 1,337,415 shares, compared to its average volume of 271,473. The company has a market capitalization of C$184.72 million, a PE ratio of 9.63 and a beta of 1.80. The business's 50-day simple moving average is C$2.17 and its 200 day simple moving average is C$5.00. Payfare has a 1-year low of C$1.76 and a 1-year high of C$8.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.32.
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.
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