Zacks Investment Research lowered shares of JetPay Corporation (NASDAQ:JTPY) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.
According to Zacks, “JetPay Corporation engages in providing a one vendor solution for payment services, debit and credit card processing, ACH services and payroll and tax processing needs of businesses throughout the US. It offers processing services to banks, sales organizations, and merchants. The Company specializes in technology solutions for the e-commerce and card-not-present marketplace. JetPay Corporation, formerly known as Universal Business Payment Solutions Acquisition Corporation, is based in United States. “
JetPay Corporation (NASDAQ JTPY) remained flat at $$2.05 during midday trading on Friday. The company had a trading volume of 874 shares, compared to its average volume of 14,055. JetPay Corporation has a 12-month low of $1.45 and a 12-month high of $3.00. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.69.
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JetPay Corporation provides debit and credit card processing, payroll, human capital management (HCM) and card services to businesses and their employees in the United States. The company operates through two segments, JetPay Payment Processing and JetPay HR and Payroll. It offers debit and credit processing and automated clearing house payment services to small and medium-sized businesses, as well as to large entities, which processes Internet transactions and recurring billings; and HCM services, including payroll, tax filing, time and attendance, HR, and other related services to small and medium-sized employers.
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