FlexShopper (NASDAQ:FPAY) Shares Cross Below Fifty Day Moving Average – What’s Next?

FlexShopper Inc. (NASDAQ:FPAY)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.01 and traded as low as $0.0001. FlexShopper shares last traded at $0.00, with a volume of 0 shares trading hands.

FlexShopper Trading Down 100.0%

The stock has a 50-day simple moving average of $0.01 and a 200 day simple moving average of $0.55. The stock has a market capitalization of $150,000.00, a price-to-earnings ratio of 0.00 and a beta of 0.88.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FlexShopper stock. Bessemer Group Inc. bought a new stake in shares of FlexShopper Inc. (NASDAQ:FPAY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 100,000 shares of the financial services provider’s stock, valued at approximately $120,000. Bessemer Group Inc. owned 0.47% of FlexShopper as of its most recent SEC filing. Institutional investors own 19.41% of the company’s stock.

About FlexShopper

FlexShopper, Inc (NASDAQ: FPAY) operates a cloud-based consumer finance platform designed to enable customers to acquire durable goods through an affordable lease-to-own subscription model. Using its proprietary Virtual Lease-to-Own (VLO) technology, FlexShopper partners with online and brick-and-mortar retailers, consumer electronics dealers and specialty merchants to offer flexible payment solutions that require minimal credit criteria. Through the VLO program, customers pay weekly or monthly lease fees, gain immediate use of merchandise and have the option to purchase the items at any time by paying a predetermined purchase price.

The company’s product portfolio spans electronics, appliances, furniture and fitness equipment, with its platform integrated into retailer websites and point-of-sale systems.