Galaxy Payroll Group (NASDAQ:GLXG) Releases Earnings Results

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

Galaxy Payroll Group Price Performance

Shares of NASDAQ:GLXG traded up $0.04 during trading on Wednesday, hitting $1.01. 40,232 shares of the stock were exchanged, compared to its average volume of 13,492. Galaxy Payroll Group has a 1-year low of $0.92 and a 1-year high of $7.81. The company’s fifty day simple moving average is $1.91 and its 200-day simple moving average is $2.37.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Galaxy Payroll Group Company Profile

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.