Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) traded up 2.6% during trading on Friday . The stock traded as high as $4.75 and last traded at $4.75. 12,072 shares changed hands during trading, a decline of 57% from the average session volume of 28,021 shares. The stock had previously closed at $4.63.
Lesaka Technologies Stock Performance
The stock has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $5.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.81. The company has a market capitalization of $391.67 million, a price-to-earnings ratio of -8.11 and a beta of 0.82.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.41). Lesaka Technologies had a negative net margin of 7.94% and a negative return on equity of 24.96%. On average, analysts predict that Lesaka Technologies, Inc. will post -0.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of LSAK. Barclays PLC lifted its stake in shares of Lesaka Technologies by 444.4% during the fourth quarter. Barclays PLC now owns 5,738 shares of the company's stock valued at $32,000 after acquiring an additional 4,684 shares during the period. Renaissance Technologies LLC raised its holdings in Lesaka Technologies by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company's stock worth $1,077,000 after purchasing an additional 17,481 shares during the last quarter. Finally, Hosking Partners LLP lifted its position in Lesaka Technologies by 1.0% during the 4th quarter. Hosking Partners LLP now owns 2,807,998 shares of the company's stock valued at $15,304,000 after purchasing an additional 28,644 shares during the period. 24.19% of the stock is currently owned by institutional investors.
About Lesaka Technologies
(
Get Free Report)
Lesaka Technologies, Inc operates as a Fintech company that utilizes its proprietary banking and payment technologies to deliver financial services solutions to merchants (B2B) and consumers (B2C) in Southern Africa. It offers cash management solutions, growth capital, card acquiring, bill payment technologies, and value-added services to formal and informal retail merchants, as well as banking, lending, and insurance solutions to consumers across Southern Africa.
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