VeriFone Systems Inc. (NYSE:PAY) declared on Wednesday morning that it has been honored with a 5-year deal by the District of Columbia Taxicab Commission, worth from $35 million to almost $45 million factoring in possible advertising proceeds.
VeriFone Systems jumped up notably on Wednesday trading session and has carried on rallying in early hours of trade. Now the stock high 3.12 at $35.04 and has marked a one-month high.
Its competitors include NCR Corporation (NYSE:NCR) that surged 2.43% to $22.72 with the total traded volume of 255,263.00 shares.
Other technology stocks with bullish trend include Research In Motion Limited (USA) (NASDAQ:RIMM) up 2.61% to $7.48, Cisco Systems, Inc. (NASDAQ:CSCO) up 0.98% to $16.57 and CenturyLink, Inc. (NYSE:CTL) up 1.02% to $39.77, whereas with bearish trend include Micron Technology, Inc. (NASDAQ:MU) down -1.22% to $6.09, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) down -0.68% to $13.19 and Facebook Inc (NASDAQ:FB) down -0.59% to $31.28.
VeriFone Systems Inc (NYSE:PAY) after opening at $34.00 hit high price of $35.55 and then trading at $34.72 by surging 8.77% at 10:44AM EDT and on current session volume of 2.47 million shares is lower than its average volume of 3.44 million shares.
The stock price volatility was 3.29% for a week and 3.61% for a month as well as price volatility’s Average True Range for 14 days was 1.27 and its beta remained 2.05.
The liquidity measure in recent quarter results of the company was recorded 1.55 as current ratio and on the other side the debt to equity ratio was 1.30 and long-term debt to equity ratio also remained 1.03. The Company had total cash at hand $366.40 million and a book value per share as $11.54 in the most recent quarter.
PAY generated revenue of 1.62 billion in the following twelve months and earned $225.53 million. The Company showed a positive 13.95% in the net profit margin and as well as in its operating margin which remained 4.31%. Company’s annual sales growth for the past five year was 17.54%.
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