Tyro Payments (OTCMKTS:TYPMF) Stock Falls 12.5% – Should You Sell?

Shares of Tyro Payments Limited (OTCMKTS:TYPMF) were down 12.5% on Tuesday. The stock traded as low as $0.46 and last traded at $0.46. 3,500 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 4,440 shares. The stock had previously closed at $0.5258.

Tyro Payments Price Performance

The stock’s 50-day moving average is $0.53 and its 200 day moving average is $0.54.

Tyro Payments Company Profile

Tyro Payments is an Australian fintech company that provides payment and banking services to small and medium-sized businesses. Its platform enables merchants to accept card and digital payments through in-store EFTPOS terminals, integrated point-of-sale systems and online payment solutions.

The company serves businesses across industries including hospitality, retail, health care and professional services. Its offerings have included merchant acquiring, payment processing, business lending and deposit accounts, with products designed to integrate payments and financial services into everyday business operations.

Tyro was established in Australia in 2003 as MoneySwitch and adopted the Tyro name in 2005.