Shares of Universal Business Payment Solutions Acquisition Corp (NASDAQ:JTPY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $2.90 and last traded at $2.01, with a volume of 3000 shares traded. The stock had previously closed at $2.03.

Separately, Zacks Investment Research upgraded shares of Universal Business Payment Solutions Acquisition from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th.

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 5.69.

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About Universal Business Payment Solutions Acquisition

JetPay Corporation provides debit and credit card processing, payroll, human capital management (HCM) and card services to businesses and their employees in the United States. The company operates through two segments, JetPay Payment Processing and JetPay HR and Payroll. It offers debit and credit processing and automated clearing house payment services to small and medium-sized businesses, as well as to large entities, which processes Internet transactions and recurring billings; and HCM services, including payroll, tax filing, time and attendance, HR, and other related services to small and medium-sized employers.

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