Galaxy Payroll Group (NASDAQ:GLXG) Issues Earnings Results

Galaxy Payroll Group (NASDAQ:GLXG) released its earnings results on Wednesday. The company reported ($0.21) EPS for the quarter, reports. The firm had revenue of $0.94 million for the quarter.

Galaxy Payroll Group Price Performance

GLXG stock traded down $0.03 during mid-day trading on Thursday, reaching $0.82. The company had a trading volume of 620 shares, compared to its average volume of 1,093,237. Galaxy Payroll Group has a 12 month low of $0.72 and a 12 month high of $4.79. The firm has a 50 day moving average of $0.99 and a 200 day moving average of $1.47.

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 equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Galaxy Payroll Group presently 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.