FlexShopper Secures Interim Financing with Credit Amendment: Stabilizing Financial Operations

FlexShopper has secured interim financing through a credit amendment with Powerscourt Investments. The amendment addresses the company's immediate working capital needs, indicating a strategic move to stabilize its financial operations. FlexShopper's stock has a sell rating with a $0.50 price target and a poor financial performance, high leverage, and negative cash flow pose significant risks. Technical analysis indicates a bearish trend, and the lack of profitability and dividend yield weakens its valuation appeal.