Payfare (TSE:PAY) Sets New 1-Year High at $7.65

Payfare Inc. (TSE:PAY)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$7.65 and last traded at C$7.49, with a volume of 564362 shares. The stock had previously closed at C$6.94.

Payfare Stock Performance

The firm has a market capitalization of C$357.71 million, a P/E ratio of 26.54 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 0.32. The stock’s 50 day moving average is C$6.25 and its two-hundred day moving average is C$6.57.

Payfare (TSE:PAY) last issued its earnings results on Wednesday, May 8th. The company reported C$0.15 EPS for the quarter, meeting the consensus estimate 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 during the quarter. As a group, equities analysts anticipate 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.