Home / Financial / Financials Get Upward Pressure from 4.19% Morning Gain by JetPay Corporation (JTPY) on September 22

Financials Get Upward Pressure from 4.19% Morning Gain by JetPay Corporation (JTPY) on September 22

Financial stocks listed on the New York Stock Exchange or NASDAQ have gotten some tailwinds from JetPay Corporation (JTPY), as one of the best performers in the sector during morning trading on September 22. At the lunch break, shares of JTPY have advanced 4.19% to $2.32 after closing the day prior at $2.23. In morning action, the stock has moved as high as $2.34 and as low as $2.11. Today’s rise has come with about 8,957 shares changing hands, compared to an average 30-day volume of 6,492 for JetPay Corporation. The price is currently below the 30-day volume weighted average price of $2.27 for JTPY.

The share appreciation gives the company a market capitalization of $39.38 million based upon 17.68 million shares outstanding. It also means that JTPY has a price-to-book ratio of 2.64:1.

In the past 52 weeks, shares of JTPY have traded as low as $1.8901 and as high as $3.25. Technical traders will take note that at $2.32, shares of JTPY are trading below their 200-day MA at $2.45 and above their 50-day MA at $2.15. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is JTPY?

JetPay Corp provides payment services. The Company offers debit and credit card processing, payroll and human capital management services, and card services to businesses and their employees throughout the United States. The company’s 202 employees are led by CEO Diane Faro from the corporate headquarters at 1175 Lancaster Avenue in Berwyn, PA.


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