Zacks Investment Research downgraded shares of JetPay Corp. (NASDAQ:JTPY) from a hold rating to a sell rating in a report issued on Wednesday morning.
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 2.60 on Wednesday. The stock’s 50 day moving average is $2.67 and its 200-day moving average is $2.39. JetPay Corp. has a 52 week low of $1.89 and a 52 week high of $3.25. The firm’s market capitalization is $45.97 million.
JetPay Corp. (NASDAQ:JTPY) last released its quarterly earnings results on Monday, November 14th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $15.20 million for the quarter, compared to analyst estimates 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 year.