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.

ILLEGAL ACTIVITY NOTICE: “ShiftPixy (PIXY) Hits New 52-Week Low at $0.58” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.dispatchtribunal.com/2019/05/15/shiftpixy-pixy-hits-new-52-week-low-at-0-58.html.

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.

Read More: Why is the Consumer Price Index (CPI) important?

Receive News & Ratings for ShiftPixy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ShiftPixy and related companies with MarketBeat.com's FREE daily email newsletter.