PaySign (NASDAQ:PAYS) Issues Earnings Results

PaySign (NASDAQ:PAYS) released its earnings results on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.15), MarketWatch Earnings reports. PaySign had a net margin of 17.23% and a return on equity of 31.07%.

Shares of NASDAQ:PAYS opened at $4.50 on Friday. The company has a market cap of $225.06 million, a P/E ratio of 40.91 and a beta of 1.36. The stock’s 50-day moving average is $5.48 and its 200-day moving average is $7.22. PaySign has a 52-week low of $3.63 and a 52-week high of $10.98.

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity dropped their price target on shares of PaySign from $11.00 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday. TheStreet downgraded shares of PaySign from a “b-” rating to a “c+” rating in a research report on Friday, August 28th. Maxim Group reissued a “buy” rating and set a $10.00 target price on shares of PaySign in a research report on Wednesday, August 19th. BTIG Research reissued a “hold” rating on shares of PaySign in a research report on Thursday, August 13th. Finally, DA Davidson downgraded shares of PaySign from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $9.00 to $6.00 in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $7.08.

About PaySign

PaySign, Inc provides prepaid card products and processing services under the PaySign brand for corporate, consumer, and government applications. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary platform.

Further Reading: Coverage Ratio

Earnings History for PaySign (NASDAQ:PAYS)

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