PayPoint (LON:PAY) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• PayPoint plc's stock price has recently surpassed its 200-day moving average, trading at GBX 758 ($10.10), indicating potential upward momentum.
• The company has a market capitalization of £521.16 million and a notably high price-to-earnings ratio of 2,866.92, suggesting the stock may be overvalued.
• PayPoint operates in the payment and banking services sector, offering various solutions including card payment services, bill payments, and digital services in the United Kingdom.

PayPoint plc (LON:PAY - )'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 716.32 ($9.54) and traded as high as GBX 758 ($10.10). PayPoint shares last traded at GBX 758 ($10.10), with a volume of 274,779 shares traded.

PayPoint Stock Performance

The stock's 50-day simple moving average is GBX 710.05 and its 200-day simple moving average is GBX 716.32. The stock has a market cap of £521.16 million, a price-to-earnings ratio of 2,866.92, 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.

About PayPoint

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.