FlexShopper (NASDAQ:FPAY) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

FlexShopper Inc. (NASDAQ:FPAY)’s stock price passed below its fifty day moving average during trading on Monday . 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.

FlexShopper Stock Down 100.0%

The stock’s fifty day simple moving average is $0.01 and its two-hundred day simple moving average is $0.55. The firm has a market cap of $150,000.00, a PE ratio of 0.00 and a beta of 0.88.

FlexShopper Company Profile

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.