PaySign (NASDAQ:PAYS) Upgraded to C- by TheStreet

PaySign (NASDAQ:PAYSGet Rating) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.

PaySign Stock Up 4.2 %

PaySign stock opened at $3.01 on Tuesday. PaySign has a 52-week low of $1.15 and a 52-week high of $3.27. The firm has a market capitalization of $157.27 million, a price-to-earnings ratio of 301.30 and a beta of 0.87. The company has a fifty day simple moving average of $2.43 and a 200-day simple moving average of $2.15.

PaySign (NASDAQ:PAYSGet Rating) last released its earnings results on Tuesday, November 8th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $10.60 million during the quarter, compared to analyst estimates of $10.20 million. PaySign had a net margin of 1.16% and a return on equity of 3.07%. On average, research analysts anticipate that PaySign will post 0.12 EPS for the current fiscal year.

Insider Activity

In other news, insider Robert Strobo sold 16,201 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $2.36, for a total transaction of $38,234.36. Following the transaction, the insider now owns 113,851 shares of the company’s stock, valued at approximately $268,688.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 41.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Ritholtz Wealth Management acquired a new position in PaySign in the third quarter valued at about $25,000. Quadrature Capital Ltd acquired a new position in PaySign in the third quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its position in PaySign by 281.3% in the third quarter. Tower Research Capital LLC TRC now owns 16,382 shares of the company’s stock valued at $39,000 after buying an additional 12,086 shares during the last quarter. Jane Street Group LLC acquired a new position in PaySign in the second quarter valued at about $40,000. Finally, Dimensional Fund Advisors LP lifted its position in PaySign by 35.3% in the third quarter. Dimensional Fund Advisors LP now owns 57,273 shares of the company’s stock valued at $135,000 after buying an additional 14,934 shares during the last quarter. Institutional investors and hedge funds own 11.70% of the company’s stock.

About PaySign

(Get Rating)

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

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