ShiftPixy (PIXY) Stock Price Down 10.8%

Shares of ShiftPixy Inc (NASDAQ:PIXY) were down 10.8% during mid-day trading on Monday . The stock traded as low as $1.04 and last traded at $1.07. Approximately 2,705,098 shares changed hands during mid-day trading, an increase of 576% from the average daily volume of 400,301 shares. The stock had previously closed at $1.20.

The company has a market cap of $33.29 million, a PE ratio of -1.84 and a beta of 1.29.

ShiftPixy (NASDAQ:PIXY) last issued its earnings results on Friday, January 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.11. The firm had revenue of $10.52 million during the quarter, compared to the consensus estimate of $12.38 million. As a group, analysts forecast that ShiftPixy Inc will post -0.11 earnings per share for the current fiscal year.

An institutional investor recently raised its position in ShiftPixy stock. Vanguard Group Inc increased its stake in ShiftPixy Inc (NASDAQ:PIXY) by 26.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,515 shares of the company’s stock after purchasing an additional 9,598 shares during the quarter. Vanguard Group Inc owned about 0.16% of ShiftPixy worth $180,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 1.98% of the company’s stock.

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ShiftPixy Company Profile (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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