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Stock Alert: PaySign Tanks 30%

November 18, 2020 — 10:04 am EST

Written by RTTNews.com for RTTNews->

(RTTNews) - Shares of PaySign Inc. (PAYS) tanked over 30% on Wednesday morning hurt largely by its third-quarter results.

PAYS is currently trading at $4.14, up $2.00 or 32.57%, on the Nasdaq.

Third-quarter net loss was $6.2 million or $0.12 per share, compared to net income of $2.96 million or $0.05 per share.

Third-quarter total revenue were negative $153 thousand, compared to $9.0 million last year, due to a $6.3 million charge for a change in accounting estimate.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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