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

FlexShopper, Inc. (NASDAQ:FPAY) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $1.53 and traded as low as $1.43. FlexShopper shares last traded at $1.52, with a volume of 50,373 shares trading hands.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.50 target price on shares of FlexShopper in a research note on Tuesday, December 24th.

FlexShopper Price Performance

The firm has a market cap of $28.54 million, a PE ratio of -7.82 and a beta of 1.54. The company has a quick ratio of 7.98, a current ratio of 7.98 and a debt-to-equity ratio of 19.65. The stock has a 50 day moving average price of $1.52 and a two-hundred day moving average price of $1.47.

Insider Transactions at FlexShopper

In other FlexShopper news, CEO Harold Russell Jr. Heiser purchased 30,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $1.45 per share, for a total transaction of $43,500.00. Following the completion of the purchase, the chief executive officer now owns 969,874 shares of the company’s stock, valued at approximately $1,406,317.30. The trade was a 3.19 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 30.20% of the company’s stock.

Institutional Investors Weigh In On FlexShopper

A number of large investors have recently bought and sold shares of the company. Insigneo Advisory Services LLC boosted its position in FlexShopper by 33.3% in the third quarter. Insigneo Advisory Services LLC now owns 60,000 shares of the financial services provider’s stock valued at $62,000 after buying an additional 15,000 shares during the last quarter. Traphagen Investment Advisors LLC purchased a new stake in FlexShopper in the fourth quarter valued at approximately $30,000. Virtu Financial LLC purchased a new stake in FlexShopper in the fourth quarter valued at approximately $30,000. Heron Bay Capital Management purchased a new stake in FlexShopper in the fourth quarter valued at approximately $56,000. Finally, Citadel Advisors LLC purchased a new stake in FlexShopper in the fourth quarter valued at approximately $109,000. Hedge funds and other institutional investors own 19.41% of the company’s stock.

FlexShopper Company Profile

FlexShopper, Inc, a financial technology company, operates an e-commerce marketplace to shop electronics, home furnishings, and other durable goods on a lease-to-own (LTO) basis. The company offers consumer electronics; home appliances; computers, such as tablets and wearables; smartphones; tires; and jewelry and furniture, including accessories.