ShiftPixy (PIXY) Hits New 52-Week Low at $0.58

ShiftPixy Inc (NASDAQ:PIXY) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $0.58 and last traded at $0.61, with a volume of 2035 shares. The stock had previously closed at $0.78.

ShiftPixy (NASDAQ:PIXY) last released its quarterly earnings results on Monday, April 15th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.01. The firm had revenue of $13.19 million for the quarter, compared to analysts’ expectations of $14.84 million. On average, research analysts expect that ShiftPixy Inc will post -0.24 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in PIXY. Jane Street Group LLC purchased a new stake in ShiftPixy during the 3rd quarter worth $110,000. Vanguard Group Inc increased its stake in 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 buying an additional 9,598 shares during the period. Finally, Granite Investment Partners LLC increased its stake in ShiftPixy by 275.7% during the 1st quarter. Granite Investment Partners LLC now owns 1,340,274 shares of the company’s stock worth $1,809,000 after buying an additional 983,488 shares during the period. 1.69% of the stock is currently owned by hedge funds and other institutional investors.

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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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