ShiftPixy (PIXY) Sees Strong Trading Volume

ShiftPixy Inc (NASDAQ:PIXY) saw strong trading volume on Friday . 1,242,732 shares were traded during mid-day trading, an increase of 279% from the previous session’s volume of 327,756 shares.The stock last traded at $1.65 and had previously closed at $1.55.

The firm has a market capitalization of $48.22 million, a P/E ratio of -2.86 and a beta of 1.31.

ShiftPixy (NASDAQ:PIXY) last issued its quarterly earnings data on Friday, January 11th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.18) by $0.11. The firm had revenue of $10.52 million for the quarter, compared to analysts’ expectations of $12.38 million. Research analysts forecast that ShiftPixy Inc will post -0.12 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Granite Investment Partners LLC purchased a new stake in shares of ShiftPixy during the 3rd quarter worth approximately $1,385,000. Vanguard Group Inc raised its holdings in shares of ShiftPixy by 26.0% during the 3rd quarter. Vanguard Group Inc now owns 46,515 shares of the company’s stock worth $180,000 after acquiring an additional 9,598 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of ShiftPixy during the 2nd quarter worth approximately $114,000. Finally, Jane Street Group LLC purchased a new stake in shares of ShiftPixy during the 3rd quarter worth approximately $110,000. 1.98% of the stock is currently owned by institutional investors and hedge funds.

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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.

Further Reading: Average Daily Trade Volume Explained

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