Paylocity Holding Corporation (PCTY) Moves Higher on Volume Spike for August 11

Equities Staff |

Paylocity Holding Corporation (PCTY) traded on unusually high volume on Aug. 11, as the stock gained 3.81% to close at $45.00. On the day, Paylocity Holding Corporation saw 688,058 shares trade hands on 6,928 trades. Considering that the stock averages only a daily volume of 217,475 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $49.65 and $29.69 over the last 52-weeks, its 50-day SMA is now $46.44, and its 200-day SMA $39.13. Paylocity Holding Corporation has a P/B ratio of 15.9. It also has a P/E ratio of 541.9.

Paylocity Holding Corp is a provider of cloud-based payroll and human capital management, software solutions for medium-sized organizations. Its services are provided in a software-as-a-service delivery model utilizing its cloud-based platform.

Headquartered in Arlington Heights, IL, Paylocity Holding Corporation has 1,800 employees and is currently under the leadership of CEO Steven R. Beauchamp.

For a complete fundamental analysis analysis of Paylocity Holding Corporation, check out Equities.com’s Stock Valuation Analysis report for PCTY.

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To get more information on Paylocity Holding Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: PCTY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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