Galaxy Payroll Group (NASDAQ:GLXG) Issues Earnings Results

Galaxy Payroll Group (NASDAQ:GLXG) posted its quarterly earnings data on Wednesday. The company reported ($0.21) earnings per share for the quarter, reports. The business had revenue of $0.94 million for the quarter.

Galaxy Payroll Group Trading Down 0.6%

GLXG stock traded down $0.01 during midday trading on Wednesday, reaching $0.85. The stock had a trading volume of 1,072 shares, compared to its average volume of 1,093,237. The company’s fifty day simple moving average is $0.99 and its 200 day simple moving average is $1.47. Galaxy Payroll Group has a 52-week low of $0.72 and a 52-week high of $4.79.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Galaxy Payroll Group in a research note on Friday, September 4th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, Galaxy Payroll Group currently has an average rating of “Sell”.

Galaxy Payroll Group Company Profile

Galaxy Payroll Group Limited is a Hong Kong-based provider of payroll outsourcing and human resources services. Through its operating subsidiaries, the company helps businesses manage recurring payroll and employment-related administrative processes.

Its services include payroll calculation and processing, employee payment administration, statutory reporting, and support related to Hong Kong’s Mandatory Provident Fund system. Galaxy Payroll also provides related human resources and administrative assistance designed to help corporate clients manage their workforce and employment obligations.

The company primarily serves businesses in Hong Kong and is listed on the Nasdaq Capital Market under the symbol GLXG.