PayPoint (LON:PAY) Hits New 52-Week Low – What’s Next?

Shares of PayPoint plc (LON:PAY) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 501 and last traded at GBX 501, with a volume of 694461 shares. The stock had previously closed at GBX 512.

Analysts Set New Price Targets

Separately, Panmure Gordon restated a “buy” rating and set a GBX 1,100 price target on shares of PayPoint in a report on Thursday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, PayPoint presently has a consensus rating of “Buy” and an average target price of GBX 1,100.

PayPoint Trading Down 2.1%

The company’s 50 day simple moving average is GBX 696.57 and its 200-day simple moving average is GBX 726.08. The firm has a market cap of £318.24 million, a P/E ratio of 17.58, a P/E/G ratio of 31.13 and a beta of 0.93. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 81.52.

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

Insider Buying and Selling at PayPoint

In related news, insider Lan Tu bought 4,569 shares of the stock in a transaction dated Thursday, November 20th. The stock was purchased at an average cost of GBX 543 per share, with a total value of £24,809.67. Also, insider Nick Wiles purchased 25,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The stock was bought at an average price of GBX 538 per share, for a total transaction of £134,500. Over the last quarter, insiders have bought 29,603 shares of company stock valued at $15,955,923. Corporate insiders own 2.31% of the company’s stock.

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.