Versapay (CVE:VPY) had its price target trimmed by Raymond James from C$3.50 to C$3.30 in a report released on Friday morning. The brokerage currently has an outperform rating on the stock.

Separately, Pi Financial dropped their price objective on shares of Versapay from C$3.50 to C$3.25 in a research note on Thursday, August 30th.

Shares of CVE VPY traded down C$0.02 on Friday, reaching C$1.53. 53,800 shares of the company traded hands, compared to its average volume of 29,810. Versapay has a fifty-two week low of C$1.45 and a fifty-two week high of C$2.74.

Versapay (CVE:VPY) last posted its quarterly earnings data on Tuesday, August 28th. The company reported C($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.07) by C($0.03). Versapay had a negative net margin of 278.58% and a negative return on equity of 129.49%. The company had revenue of C$1.14 million for the quarter, compared to analyst estimates of C$1.32 million.

About Versapay

VersaPay Corporation, a financial technology company, provides cloud-based invoicing, accounts receivable (A/R) management, and payment solutions for businesses in Canada and the United States. The company offers ARC, a business-to-business solution that delivers capabilities in areas, such as invoice presentment, collaboration and collection, electronic payment, cash application, and A/R insight; PayPort, a cloud-based credit card and electronic funds transfer service; and Gateway that allows third party technology partners to connect to PayPort through a secure application program interface and offer the service as part of their own service offering.

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