PayPoint (LON:PAY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of PayPoint plc (LON:PAY) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 604.52 and traded as low as GBX 548. PayPoint shares last traded at GBX 555, with a volume of 242,016 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 1,100 price objective on shares of PayPoint in a research note on Thursday, November 20th. One research 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 Up 1.5%

The business’s 50-day moving average is GBX 505.61 and its two-hundred day moving average is GBX 604.52. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 81.52. The stock has a market capitalization of £349.81 million, a PE ratio of 22.23, a PEG ratio of 31.13 and a beta of 0.93.

Insider Buying and Selling at PayPoint

In other PayPoint news, insider Nick Wiles bought 65 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of GBX 470 per share, with a total value of £305.50. Insiders bought 191 shares of company stock worth $91,534 in the last three months. 2.41% of the stock is 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.