Dayforce (TSE:DAY) Shares Down 1.1% – Here’s Why

Dayforce, Inc. (TSE:DAY) shares dropped 1.1% during mid-day trading on Thursday . The stock traded as low as C$95.00 and last traded at C$95.35. Approximately 31,035 shares traded hands during trading, a decline of 65% from the average daily volume of 88,382 shares. The stock had previously closed at C$96.44.

Analyst Upgrades and Downgrades

Several analysts have commented on DAY shares. UBS Group cut shares of Dayforce from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 15th. TD Cowen raised Dayforce to a “hold” rating in a research report on Friday, October 31st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dayforce has an average rating of “Hold”.

Dayforce Trading Down 1.1%

The company has a market capitalization of C$15.26 billion, a PE ratio of -100.37 and a beta of 0.99. The stock has a 50-day moving average of C$95.34.

About Dayforce

Dayforce, Inc is a global human capital management (HCM) software company. The Company’s Dayforce, which is a flagship cloud HCM platform, provides a full suite of HCM functionality, including global human resources (HR), payroll and tax, workforce management, benefits, and talent intelligence functionality. The Company also sells Powerpay, a cloud HR and payroll solution for the Canadian small business market, through both direct sales and established partner channels. Dayforce Human Resources provides HR professionals, managers, and employees a single, complete record of all of their HR information.