JetPay Corporation (NASDAQ:JTPY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Separately, ValuEngine upgraded JetPay Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 22nd.

Shares of JetPay Corporation (JTPY) traded up 2.33% during midday trading on Tuesday, reaching $2.20. 1,464 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $2.06 and a 200 day moving average price of $2.26. The company’s market cap is $34.29 million. JetPay Corporation has a 12 month low of $1.75 and a 12 month high of $3.25.

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