PayPoint (LON:PAY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

PayPoint plc (LON:PAY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 678.99 and traded as low as GBX 472. PayPoint shares last traded at GBX 477, with a volume of 112,382 shares.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 1,100.

PayPoint Stock Performance

The stock has a 50 day moving average of GBX 560.98 and a two-hundred day moving average of GBX 678.99. The stock has a market capitalization of £301.32 million, a PE ratio of 18.82, a P/E/G ratio of 31.13 and a beta of 0.93. The company has a debt-to-equity ratio of 81.52, a current ratio of 0.99 and a quick ratio of 0.65.

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

Insider Buying and Selling

In related news, insider Lan Tu bought 4,569 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of GBX 543 per share, with a total value of £24,809.67. Also, insider Nick Wiles purchased 65 shares of PayPoint stock in a transaction dated Friday, December 19th. The shares were bought at an average price of GBX 470 per share, with a total value of £305.50. Over the last 90 days, insiders have purchased 31,721 shares of company stock valued at $17,046,283. Corporate insiders own 2.37% of the company’s stock.

PayPoint Company Profile

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.