Galaxy Payroll Group (NASDAQ:GLXG) Announces Earnings Results

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

Galaxy Payroll Group Price Performance

Shares of GLXG stock traded down $0.18 during trading hours on Friday, hitting $0.66. 880,722 shares of the company’s stock traded hands, compared to its average volume of 1,086,978. The stock’s fifty day simple moving average is $0.99 and its two-hundred day simple moving average is $1.46. Galaxy Payroll Group has a 12-month low of $0.53 and a 12-month high of $4.79.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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. Based on data from MarketBeat.com, Galaxy Payroll Group presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Galaxy Payroll Group

Galaxy Payroll Group Company Profile

(Get Free Report)

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.

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