TheStreet Upgrades PaySign (NASDAQ:PAYS) to C-

TheStreet upgraded shares of PaySign (NASDAQ:PAYSGet Rating) from a d+ rating to a c- rating in a report published on Tuesday morning, TheStreetRatingsTable reports.

PaySign Price Performance

Shares of PaySign stock opened at $3.01 on Tuesday. The business has a fifty day simple moving average of $2.43 and a two-hundred day simple moving average of $2.15. PaySign has a 1 year low of $1.15 and a 1 year high of $3.27. The company has a market capitalization of $157.27 million, a price-to-earnings ratio of 301.30 and a beta of 0.87.

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

Insider Transactions at PaySign

In other news, insider Robert Strobo sold 16,201 shares of PaySign stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $2.36, for a total transaction of $38,234.36. Following the completion of the sale, the insider now owns 113,851 shares of the company’s stock, valued at $268,688.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 41.80% of the company’s stock.

Institutional Investors Weigh In On PaySign

A number of hedge funds and other institutional investors have recently modified their holdings of the company. JCSD Capital LLC increased its position in shares of PaySign by 265,517.2% in the second quarter. JCSD Capital LLC now owns 308,116 shares of the company’s stock worth $468,000 after purchasing an additional 308,000 shares during the period. Adirondack Retirement Specialists Inc. grew its position in PaySign by 194.5% in the second quarter. Adirondack Retirement Specialists Inc. now owns 378,854 shares of the company’s stock valued at $633,000 after acquiring an additional 250,200 shares during the last quarter. Boothbay Fund Management LLC bought a new position in PaySign in the third quarter valued at about $560,000. Vanguard Group Inc. grew its position in PaySign by 2.5% in the third quarter. Vanguard Group Inc. now owns 1,437,182 shares of the company’s stock valued at $3,406,000 after acquiring an additional 34,843 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in PaySign by 2.3% in the second quarter. Renaissance Technologies LLC now owns 1,256,232 shares of the company’s stock valued at $1,909,000 after acquiring an additional 28,700 shares during the last quarter. Institutional investors and hedge funds own 11.70% of the company’s stock.

PaySign Company Profile

(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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