Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) shares were up 1.7% during mid-day trading on Tuesday . The stock traded as high as $5.57 and last traded at $5.49. Approximately 39,902 shares changed hands during mid-day trading, an increase of 57% from the average daily volume of 25,351 shares. The stock had previously closed at $5.40.
Lesaka Technologies Trading Down 0.5 %
The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.44 and a current ratio of 1.59. The stock has a market capitalization of $345.29 million, a price-to-earnings ratio of -20.22 and a beta of 0.93. The business has a fifty day simple moving average of $4.89 and a 200 day simple moving average of $4.74.
Lesaka Technologies (NASDAQ:LSAK - Get Free Report) last released its quarterly earnings results on Wednesday, September 11th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.02). The business had revenue of $146.05 million for the quarter, compared to the consensus estimate of $149.30 million. Lesaka Technologies had a negative return on equity of 9.90% and a negative net margin of 3.09%. During the same period in the prior year, the business posted ($0.19) earnings per share. As a group, research analysts expect that Lesaka Technologies, Inc. will post -0.11 EPS for the current year.
Institutional Trading of Lesaka Technologies
Several large investors have recently modified their holdings of LSAK. Russell Investments Group Ltd. boosted its holdings in shares of Lesaka Technologies by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company's stock valued at $326,000 after purchasing an additional 3,137 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Lesaka Technologies by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company's stock worth $852,000 after buying an additional 14,700 shares during the last quarter. Hosking Partners LLP grew its position in Lesaka Technologies by 3.8% in the first quarter. Hosking Partners LLP now owns 1,641,812 shares of the company's stock valued at $6,157,000 after acquiring an additional 59,594 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in Lesaka Technologies by 100.0% during the second quarter. Rathbones Group PLC now owns 1,272,332 shares of the company's stock worth $5,955,000 after acquiring an additional 636,166 shares in the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.
Lesaka Technologies Company Profile
(
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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