Grow Capital (OTCMKTS:GRWC) Stock Passes Above 50-Day Moving Average – Here’s Why

Grow Capital, Inc. (OTCMKTS:GRWC)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.22 and traded as high as $0.35. Grow Capital shares last traded at $0.35, with a volume of 2,010 shares traded.

Grow Capital Trading Up 34.7%

The firm’s 50-day moving average price is $0.22 and its 200 day moving average price is $0.22. The company has a market cap of $53.37 million, a price-to-earnings ratio of -11.67 and a beta of 27.77.

Grow Capital (OTCMKTS:GRWC) last released its earnings results on Wednesday, May 20th. The financial services provider reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $1.10 million for the quarter.

Grow Capital Company Profile

Grow Capital, Inc operates in the financial technology sector. It provides software, technology, and services to financial services firms and advisors. The company's software suite delivers customized back office compliance, multi-pay commission processing, and new client application submission system, as well as digital engagement marketing services centric to financial services. It also provides software customization, licensing, and subscription service contracts, as well as ongoing customization and maintenance services; and ad hoc services, including web hosting, website development, and other complementary professional services.