Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) traded up 2.6% during mid-day trading on Friday . The company 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 company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.81. The business has a 50-day moving average price of $4.90 and a two-hundred day moving average price of $5.04. The firm has a market cap of $391.67 million, a PE ratio of -8.11 and a beta of 0.82.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.41). Lesaka Technologies had a negative return on equity of 24.96% and a negative net margin of 7.94%. Analysts forecast that Lesaka Technologies, Inc. will post -0.16 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Lesaka Technologies by 444.4% in the fourth quarter. Barclays PLC now owns 5,738 shares of the company's stock valued at $32,000 after buying an additional 4,684 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of 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 period. Finally, Hosking Partners LLP grew its position in shares of Lesaka Technologies by 1.0% in the fourth 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. Institutional investors and hedge funds own 24.19% of the company's stock.
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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