Galaxy Payroll Group (NASDAQ:GLXG) Shares Up 1.2% – Here’s What Happened

Galaxy Payroll Group Limited (NASDAQ:GLXG)’s share price was up 1.2% on Monday . The stock traded as high as $0.8165 and last traded at $0.8050. Approximately 22,529 shares changed hands during mid-day trading, an increase of 33% from the average daily volume of 16,888 shares. The stock had previously closed at $0.7954.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Galaxy Payroll Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Galaxy Payroll Group Stock Up 1.2%

The firm’s 50 day moving average is $1.83 and its 200-day moving average is $2.29.

Galaxy Payroll Group (NASDAQ:GLXG) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The company had revenue of $0.90 million for the quarter.

About Galaxy Payroll Group

Galaxy Payroll Group, Inc (NASDAQ: GLXG) is a provider of payroll and human capital management services designed for small and mid-sized businesses in the United States. Utilizing a combination of proprietary technology and dedicated payroll professionals, the company delivers solutions aimed at streamlining payroll operations, mitigating compliance risk and reducing administrative workload for its clients.

The company’s service offerings encompass cloud-based payroll processing, automated tax filing and reporting, garnishment administration, and comprehensive compliance management.