Today, The Zacks Investment Research lowers the Stock rating of JetPay Corp. (JTPY)

Today, The Zacks Investment Research lowers the Stock rating of JetPay Corp. (JTPY)

JetPay Corp. (NASDAQ:JTPY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “JetPay Corporation engages in providing a one vendor solution for payment services, debit and credit card processing, ACH services and payroll and tax processing needs of businesses throughout the US. It offers processing services to banks, sales organizations, and merchants. The Company specializes in technology solutions for the e-commerce and card-not-present marketplace. JetPay Corporation, formerly known as Universal Business Payment Solutions Acquisition Corporation, is based in United States. “

JetPay Corp. (NASDAQ:JTPY) opened at 2.65 on Wednesday. The company’s market capitalization is $46.86 million. The firm’s 50-day moving average price is $2.68 and its 200 day moving average price is $2.39. JetPay Corp. has a 12-month low of $1.89 and a 12-month high of $3.25.

JetPay Corp. (NASDAQ:JTPY) last issued its earnings results on Monday, November 14th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.15) by $0.01. The business had revenue of $15.20 million for the quarter, compared to the consensus estimate of $10.30 million. JetPay Corp. had a negative net margin of 16.00% and a negative return on equity of 11.98%. On average, equities research analysts expect that JetPay Corp. will post ($0.50) EPS for the current fiscal year.

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