Versapay Corp. Forecasted to Earn FY2021 Earnings of $0.06 Per Share (CVE:VPY)

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Versapay Corp. (CVE:VPY) – Investment analysts at Raymond James raised their FY2021 earnings per share estimates for shares of Versapay in a research note issued to investors on Wednesday, November 27th. Raymond James analyst B. Phelan now anticipates that the company will post earnings of $0.06 per share for the year, up from their previous estimate of $0.05. Raymond James has a “Strong-Buy” rating and a $3.75 price objective on the stock.

Other equities analysts have also recently issued reports about the company. Eight Capital boosted their target price on Versapay from C$2.50 to C$4.00 in a research note on Thursday, August 8th. Pi Financial reduced their target price on Versapay from C$3.00 to C$2.25 and set a “buy” rating on the stock in a research note on Thursday.

VPY opened at C$1.68 on Monday. The company has a debt-to-equity ratio of 380.41, a quick ratio of 0.45 and a current ratio of 1.00. Versapay has a 52-week low of C$0.91 and a 52-week high of C$2.05. The stock has a market capitalization of $73.82 million and a PE ratio of -5.79. The stock’s 50 day moving average price is C$1.52 and its 200-day moving average price is C$1.61.

Versapay Company Profile

VersaPay Corporation, a financial technology company, provides cloud-based invoicing, accounts receivable (A/R) management, and payment solutions for businesses in Canada and the United States. The company offers ARC, a business-to-business solution that delivers capabilities in areas, such as invoice presentment, collaboration and collection, electronic payment, cash application, and A/R insight; PayPort, a cloud-based credit card and electronic funds transfer service; and Gateway that allows third party technology partners to connect to PayPort through a secure application program interface and offer the service as part of their own service offering.

Further Reading: Balance Sheet

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