PayPoint (LON:PAY) Stock Crosses Above 200 Day Moving Average of $592.25

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PayPoint plc (LON:PAY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 592.25 ($7.74) and traded as high as GBX 634 ($8.28). PayPoint shares last traded at GBX 618 ($8.07), with a volume of 90,425 shares changing hands.

Separately, Canaccord Genuity lifted their target price on shares of PayPoint from GBX 800 ($10.45) to GBX 825 ($10.78) and gave the stock a “buy” rating in a research report on Monday, April 12th.

The company has a debt-to-equity ratio of 46.78, a quick ratio of 0.67 and a current ratio of 1.00. The firm has a market cap of £419.49 million and a P/E ratio of 9.85. The business’s 50-day simple moving average is GBX 598.50 and its 200 day simple moving average is GBX 592.63.

PayPoint Company Profile (LON:PAY)

PayPoint plc provides specialist consumer payment, transaction processing, settlement, and other services and products in the United Kingdom, Ireland, and Romania. It offers bill and general services, such as prepaid energy, bills, and cash out services; top-ups, including mobiles phones, eMoney vouchers, prepaid debit cards, and lottery tickets; and retail services comprising ATM, card payments, parcels, money transfer, SIMs, EPoS, and receipt advertising.

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