Payfare (TSE:PAY) Shares Up 0.6%

Payfare Inc. (TSE:PAY) traded up 0.6% on Tuesday . The company traded as high as C$8.43 and last traded at C$8.37. 108,569 shares were traded during mid-day trading, a decline of 32% from the average session volume of 159,120 shares. The stock had previously closed at C$8.32.

Analyst Ratings Changes

Separately, Raymond James increased their price target on Payfare from C$10.00 to C$12.00 in a research report on Thursday, August 8th.

Payfare Stock Up 0.6 %

The stock has a market cap of C$401.59 million, a PE ratio of 20.93 and a beta of 2.12. The business has a 50-day moving average price of C$7.43 and a 200-day moving average price of C$6.80. 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 posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.17 by C($0.01). The company had revenue of C$55.99 million for the quarter, compared to analysts’ expectations of C$58.97 million. Payfare had a net margin of 9.62% and a return on equity of 27.84%. As a group, analysts forecast that Payfare Inc. will post 0.6954023 earnings per share 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.