Paychex Inc (PAYX) is Trading Lower on Unusual Volume for January 07

Equities Staff |

Paychex Inc (PAYX) experienced unusually high volume on Jan. 07, as the stock lost 4.31% to a closing price of $48.59. The stock saw 5.94 million shares trade hands over the course of the day on 45,281 trades. Given that the stock’s average daily volume over the last month has been 2.25 million shares a day, this represents a pretty substantial spike over the norm.

Paychex Inc has a P/B ratio of 9.44. It also has a P/E ratio of 25.4. The stock has traded between $54.78 and $41.59 over the last 52-weeks, its 50-day SMA is now $53.02, and its 200-day SMA $48.77.

Paychex Inc is a provider of integrated payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses in the United States.

Headquartered in Rochester, NY, Paychex Inc has 13,100 employees and is currently under the leadership of CEO Martin Mucci.

For a complete fundamental analysis analysis of Paychex Inc, check out Equities.com’s Stock Valuation Analysis report for PAYX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

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For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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