Zacks Investment Research lowered shares of Paypoint (NASDAQ:PYPTF) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning.

According to Zacks, “PayPoint Plc provides cash, card and contactless payments to utility companies, retailers, transport firms, mobile phone providers and government. The services provided by the company include PayPoint One, ATM’s, CollectPlus, SIMs and Western Union. PayPoint Plc is headquartered in Hertz, United Kingdom. “

Shares of Paypoint (NASDAQ:PYPTF) opened at 11.10 on Wednesday. Paypoint has a 1-year low of $11.30 and a 1-year high of $13.40. The stock has a market cap of $756.30 million and a PE ratio of 9.71.

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