The stock is trading at $2.00 which is a tad above the 50 day moving average which is $1.84 and slightly over the 200 day moving average of $1.98. The 50 day moving average was up $0.16 whereas the 200 day moving average was up $0.02 or +0.91%. (NASDAQ:JTPY) shares saw heavy trading volume with 22K shares changing hands by the end of trading on Tuesday. Overall, volume was up 79.38% over the stocks normal daily volume.
Short traders are feeling a little more bearish on shares of the company of late as inferred by the motion in short interest. The stock saw a rise in short interest between September 29, 2017 and October 13, 2017 of 52.60%. Short interest grew 5,092 over that timeframe. The short-interest ratio increased to 2.0 and the short interest percentage is 0.00% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (JTPY). Deutsche Bank Ag divested its holdings by shedding 249 shares a decrease of 11.9% in the quarter. Deutsche Bank Ag currently owns 1,837 shares with a value of $3,000. The value of the position overall is down by 25.0%. Goldman Sachs Group Inc reduced its investment by selling 16,128 shares a decrease of 51.6% from 03/31/2017 to 06/30/2017. Goldman Sachs Group Inc owns 15,147 shares worth $32,000. The total value of its holdings decreased 56.2%.
Blackrock Inc. downsized its stake by shedding 1,265 shares a decrease of 44.8% as of 06/30/2017. Blackrock Inc. controls 1,559 shares valued at $3,000. The total value of its holdings decreased 57.1%. As of the end of the quarter Bulldog Investors, LLC had sold 1,892 shares trimming its position 1.9%. The value of the company’s investment in JetPay Corporation decreased from $237,000 to $208,000 a change of 12.2% for the reporting period.
In the latest earnings report the EPS was $-0.68 and is estimated to be $-0.70 for the current year with 15,673,000 shares presently outstanding. Next quarter’s EPS is forecasted at $-0.16 and the next full year EPS is projected to be $-0.52.
JetPay Corporation, formerly Universal Business Payment Solutions Acquisition Corporation, launched on November 12, 2010, is a provider of payment services, such as debit and credit card processing, payroll and human capital management services (HCM services), and card services to businesses and their employees throughout the United States. The Business’s segments include the JetPay Payment Processing Segment, JetPay HR and Payroll Segment, and Corporate. The JetPay Payment Processing Segment is an end-to-end processor of credit and debit card, and automated clearing house (ACH) payment transactions, with a focus on those processing Internet transactions and recurring billings, as well as traditional retailers and service providers. The JetPay HR and Payroll Segment provides HCM services, including payroll and related payroll tax payment processing, time and attendance, human resource (HR) services, services under the Patient Protection and Affordable Care Act (the Affordable Care Act) and other related services to small and medium-sized employers. It also operates JetPay Card Services, which is focused on providing money management and payment services to unbanked and under-banked employees of its business customers..