PayPoint (LON:PAY) Trading 15.3% Higher – Should You Buy?

PayPoint plc (LON:PAY)’s share price traded up 15.3% during trading on Wednesday . The company traded as high as GBX 584 and last traded at GBX 577.89. 10,680,528 shares were traded during trading, an increase of 902% from the average session volume of 1,065,967 shares. The stock had previously closed at GBX 501.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon reaffirmed a “buy” rating and set a GBX 1,100 price objective on shares of PayPoint in a report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1,100.

PayPoint Price Performance

The firm has a market capitalization of £361.36 million, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 31.13 and a beta of 0.93. The company has a current ratio of 0.99, a quick ratio of 0.65 and a debt-to-equity ratio of 81.52. The firm has a 50 day moving average price of GBX 477.49 and a 200-day moving average price of GBX 631.35.

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

Insider Buying and Selling

In other PayPoint news, insider Lan Tu bought 4,569 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of GBX 543 per share, for a total transaction of £24,809.67. Also, insider Nick Wiles purchased 25,000 shares of PayPoint stock in a transaction dated Thursday, November 20th. The stock was acquired at an average price of GBX 538 per share, for a total transaction of £134,500. In the last ninety days, insiders bought 31,736 shares of company stock valued at $17,046,121. Company insiders own 2.37% of the company’s stock.

PayPoint Company Profile

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.