PAX Global (PXGYF) Rating Lowered to Sell at Zacks Investment Research

PAX Global (OTCMKTS:PXGYF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, March 14th.

According to Zacks, “PAX Global Technology Ltd. is a provider of electronic funds transfer point of sales terminal solution. PAX Global Technology Ltd. is headquareted in Wanchai, Hong Kong. “

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PXGYF stock traded down $0.06 during mid-day trading on Wednesday, hitting $0.41. 2,000 shares of the company were exchanged, compared to its average volume of 5,523. The firm has a market cap of $451.08, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.26 and a beta of -0.52. PAX Global has a 12-month low of $0.40 and a 12-month high of $0.66.

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About PAX Global

PAX Global Technology Limited, an investment holding company, engages in the development and sale of electronic funds transfer point-of-sale products worldwide. It offers Smart POS, ECR, countertop, wireless, mobile, pin pad, and multilane E-payment terminals, as well as other accessories to process a range of electronic payment types, including signature and PIN-based debit cards, credit cards, contactless/radio frequency identification cards, RF-enabled mobile phones, QR code, IC cards, and pre-paid gift and other stored-value cards.

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