According to Zacks, “PaySign Inc. is a provider of prepaid card programs and processing services for corporate, consumer and government applications through its Paysign(R) brand. PaySign Inc., formerly known as 3PEA International Inc., is based in Henderson, Nevada. “
NASDAQ:PAYS opened at $2.05 on Thursday. PaySign has a one year low of $1.37 and a one year high of $5.69. The firm has a market capitalization of $105.97 million, a PE ratio of -13.67 and a beta of 1.18. The firm has a 50 day moving average of $1.88.
PaySign (NASDAQ:PAYS) last issued its quarterly earnings data on Tuesday, November 9th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $7.77 million during the quarter. PaySign had a negative return on equity of 57.15% and a negative net margin of 25.54%. During the same period last year, the firm earned ($0.11) EPS. Research analysts anticipate that PaySign will post 0.03 earnings per share for the current fiscal year.
In related news, insider Robert Strobo sold 14,261 shares of PaySign stock in a transaction on Monday, November 1st. The stock was sold at an average price of $2.77, for a total value of $39,502.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 41.30% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Boothbay Fund Management LLC acquired a new stake in shares of PaySign during the second quarter worth about $38,000. LMR Partners LLP acquired a new stake in shares of PaySign during the second quarter worth about $45,000. GSA Capital Partners LLP grew its holdings in shares of PaySign by 89.4% during the third quarter. GSA Capital Partners LLP now owns 19,239 shares of the company’s stock worth $52,000 after buying an additional 9,080 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of PaySign during the second quarter worth about $80,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of PaySign during the third quarter worth about $81,000. Institutional investors own 20.19% of the company’s stock.
PaySign, Inc engages in the provision of prepaid card programs and processing services for corporate, consumer and government applications. It specializes in corporate incentive products, payroll cards, general purpose re-loadable cards, and travel cards. It markets its prepaid solutions through its PaySign brand.
Further Reading: Why is the price-sales ratio important?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider PaySign, 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 PaySign wasn’t on the list.
While PaySign currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.