Galaxy Payroll Group (NASDAQ:GLXG) Announces Quarterly Earnings Results

Galaxy Payroll Group (NASDAQ:GLXG) posted its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.90 million for the quarter.

Galaxy Payroll Group Trading Down 5.2%

NASDAQ GLXG traded down $0.05 during mid-day trading on Friday, hitting $0.84. The company’s stock had a trading volume of 4,238 shares, compared to its average volume of 74,721. Galaxy Payroll Group has a 52-week low of $0.75 and a 52-week high of $7.81. The stock’s fifty day simple moving average is $1.88 and its two-hundred day simple moving average is $2.34.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Galaxy Payroll Group

Galaxy Payroll Group, Inc (NASDAQ: GLXG) is a provider of payroll and human capital management services designed for small and mid-sized businesses in the United States. Utilizing a combination of proprietary technology and dedicated payroll professionals, the company delivers solutions aimed at streamlining payroll operations, mitigating compliance risk and reducing administrative workload for its clients.

The company’s service offerings encompass cloud-based payroll processing, automated tax filing and reporting, garnishment administration, and comprehensive compliance management.