Payfare (TSE:PAY) Shares Up 10.7%

Payfare Inc. (TSE:PAY)’s stock price shot up 10.7% during trading on Friday . The company traded as high as C$7.00 and last traded at C$6.94. 607,181 shares changed hands during trading, an increase of 344% from the average session volume of 136,687 shares. The stock had previously closed at C$6.27.

Payfare Trading Up 10.7 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.32 and a current ratio of 1.25. The company has a market capitalization of C$332.77 million, a price-to-earnings ratio of 24.79 and a beta of 1.92. The business’s 50-day simple moving average is C$6.24 and its 200-day simple moving average is C$6.56.

Payfare (TSE:PAY) last released its earnings results on Wednesday, May 8th. The company reported C$0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.15. Payfare had a net margin of 8.66% and a return on equity of 25.51%. The company had revenue of C$51.90 million for the quarter. On average, research analysts expect that Payfare Inc. will post 0.0647461 earnings per share for the current fiscal year.

Payfare Company Profile

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.