FlexShopper (NASDAQ:FPAY) issued its quarterly earnings data on Monday. The financial services provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05, Bloomberg Earnings reports. The business had revenue of $20.66 million for the quarter. FlexShopper updated its FY 2019 guidance to EPS.
Shares of NASDAQ FPAY opened at $1.75 on Wednesday. The firm’s 50-day simple moving average is $1.48. FlexShopper has a 1 year low of $0.66 and a 1 year high of $3.41.
In other news, Director Howard Dvorkin purchased 61,119 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The shares were bought at an average cost of $1.05 per share, with a total value of $64,174.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 28.20% of the stock is owned by company insiders.
FlexShopper, Inc, through its wholly owned subsidiary, FlexShopper, LLC operates as an online lease-to-own (LTO) retailer and LTO payment solution provider. The company provides residential furniture, consumer electronics, computers, appliances, household accessories, and various other durable goods to consumers on a LTO basis to consumers of third-party retailers and e-tailers.
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