JetPay Corp. (NASDAQ:JTPY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “JetPay Corporation engages in providing a one vendor solution for payment services, debit and credit card processing, ACH services and payroll and tax processing needs of businesses throughout the US. It offers processing services to banks, sales organizations, and merchants. The Company specializes in technology solutions for the e-commerce and card-not-present marketplace. JetPay Corporation, formerly known as Universal Business Payment Solutions Acquisition Corporation, is based in United States. “

JetPay Corp. (NASDAQ:JTPY) opened at 2.69 on Wednesday. The company has a 50 day moving average price of $2.37 and a 200-day moving average price of $2.36. JetPay Corp. has a 1-year low of $1.89 and a 1-year high of $3.25. The firm’s market capitalization is $47.56 million.

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JetPay Corp. (NASDAQ:JTPY) last released its quarterly earnings data on Monday, August 15th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.28. JetPay Corp. had a negative net margin of 15.63% and a negative return on equity of 5.46%. On average, analysts forecast that JetPay Corp. will post ($0.50) EPS for the current fiscal year.

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