LML Payment Systems Stock Soars (LMLP)

NEW YORK ( TheStreet) -- Shares of LML Payment Systems (Nasdaq: LMLP) have taken a tremendous swing upward. The stock is trading at $3.66 as of 9:41 a.m. ET, 20.4% above Monday's closing price of $3.04. Volume is at 320,418, 1.1 times the daily average of 304,000.

LML Payment Systems has a market cap of $83.6 million and is part of the services sector and diversified services industry. Shares are down 12.9% year to date as of the close of trading on Monday.

LML Payment Systems Inc. provides electronic payment, risk management, and authentication services primarily to businesses and organizations using the Internet to receive or send payments in Canada and the United States. The company has a P/E ratio of 27.8, below the average diversified services industry P/E ratio of 43.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LML Payment Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full LML Payment Systems Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.

null

More from Markets

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Trump, Trade Wars, General Electric, 'Jurassic World' - 5 Things You Must Know

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

Boeing Slides as China Premier Li Says Willing to Continue Talks With Airbus

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

US Auto Tariffs Would Hit Global Industry Ratings; Ford & GM Vulnerable- Moody's

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Futures Fall on Further Trade News and 4 Other Stories to Watch Monday Morning

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War

Stocks Weaken Around The World as Trump Opens New Fronts in Global Trade War