ShiftPixy (NASDAQ:PIXY) Trading Up 2.1%

ShiftPixy Inc (NASDAQ:PIXY)’s stock price was up 2.1% during mid-day trading on Friday . The company traded as high as $0.50 and last traded at $0.49, approximately 300 shares changed hands during mid-day trading. A decline of 99% from the average daily volume of 39,415 shares. The stock had previously closed at $0.48.

The stock has a 50 day simple moving average of $0.49 and a 200-day simple moving average of $0.77. The firm has a market cap of $17.53 million, a P/E ratio of -0.86 and a beta of 1.50.

ShiftPixy (NASDAQ:PIXY) last released its quarterly earnings data on Monday, July 22nd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). The business had revenue of $14.30 million during the quarter, compared to analyst estimates of $14.39 million. As a group, analysts anticipate that ShiftPixy Inc will post -0.42 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the business. Granite Investment Partners LLC increased its position in shares of ShiftPixy by 275.7% during the 1st quarter. Granite Investment Partners LLC now owns 1,340,274 shares of the company’s stock valued at $1,809,000 after purchasing an additional 983,488 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of ShiftPixy during the 2nd quarter valued at approximately $143,000. Finally, Wedbush Securities Inc. increased its position in shares of ShiftPixy by 612.7% during the 2nd quarter. Wedbush Securities Inc. now owns 92,650 shares of the company’s stock valued at $45,000 after purchasing an additional 79,650 shares during the last quarter. 2.65% of the stock is currently owned by institutional investors and hedge funds.

About ShiftPixy (NASDAQ:PIXY)

ShiftPixy, Inc provides employment services for businesses; and workers in shift or other part-time/temporary positions in the United States. The company also operates as a payroll processor, human resources consultant, and administrator of workers' compensation coverages and claims. It primarily serves restaurant, hospitality, and maintenance service industries.

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