PayPoint (LON:PAY) Stock Price Up 15.3% – Here’s What Happened

PayPoint plc (LON:PAY)’s share price shot up 15.3% during trading on Wednesday . The stock traded as high as GBX 584 and last traded at GBX 577.89. 10,680,528 shares were traded during trading, an increase of 902% from the average session volume of 1,065,967 shares. The stock had previously closed at GBX 501.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 1,100 price objective on shares of PayPoint in a research report on Thursday, November 20th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,100.

PayPoint Trading Down 4.8%

The firm has a market capitalization of £333.29 million, a P/E ratio of 21.03, a PEG ratio of 31.13 and a beta of 0.93. The business’s 50 day moving average is GBX 477.67 and its two-hundred day moving average is GBX 628.78. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 81.52.

PayPoint (LON:PAY) last released its earnings results on Thursday, November 20th. The company reported GBX 29.25 EPS for the quarter. PayPoint had a net margin of 11.65% and a return on equity of 30.78%. Analysts expect that PayPoint plc will post 56.9500056 EPS for the current year.

Insider Activity at PayPoint

In other news, insider Lan Tu purchased 4,569 shares of the stock in a transaction dated Thursday, November 20th. The shares were bought at an average cost of GBX 543 per share, for a total transaction of £24,809.67. Also, insider Nick Wiles acquired 25,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was purchased at an average cost of GBX 538 per share, for a total transaction of £134,500. Insiders have purchased 31,736 shares of company stock worth $17,046,121 over the last quarter. 2.37% of the stock is currently owned by company insiders.

About PayPoint

PayPoint plc engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom. The company operates through two segments: PayPoint and Love2shop. The PayPoint segment provides card payment services to retailers, including leased payment devices; EPoS; ATM cash machines; SIM cards sales; receipt advertising; bill payment services and cash top-ups to individual consumers; parcel delivery and collection services; retailer service fees solutions; and digital payment services, as well as cash through to digital services.