Lesaka Technologies (NASDAQ:LSAK) Stock Price Down 1.9%

Lesaka Technologies, Inc. (NASDAQ:LSAK) shares fell 1.9% on Tuesday . The company traded as low as $4.05 and last traded at $4.05. 4,705 shares were traded during trading, a decline of 64% from the average session volume of 13,230 shares. The stock had previously closed at $4.13.

Lesaka Technologies Price Performance

The stock has a 50 day moving average price of $3.74 and a two-hundred day moving average price of $3.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 1.58. The company has a market capitalization of $262.46 million, a PE ratio of -10.27 and a beta of 1.02.

Lesaka Technologies (NASDAQ:LSAK) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. Lesaka Technologies had a negative return on equity of 14.17% and a negative net margin of 4.77%. The company had revenue of $143.89 million during the quarter, compared to the consensus estimate of $144.48 million. Equities analysts forecast that Lesaka Technologies, Inc. will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LSAK. Barclays PLC acquired a new stake in Lesaka Technologies in the 1st quarter valued at approximately $47,000. Bank of America Corp DE acquired a new stake in Lesaka Technologies in the 4th quarter valued at approximately $63,000. Northern Trust Corp grew its holdings in Lesaka Technologies by 53.2% in the 2nd quarter. Northern Trust Corp now owns 17,643 shares of the company’s stock valued at $67,000 after buying an additional 6,126 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Lesaka Technologies in the 4th quarter valued at approximately $144,000. Finally, State Street Corp grew its holdings in Lesaka Technologies by 6.3% in the 1st quarter. State Street Corp now owns 92,218 shares of the company’s stock valued at $443,000 after buying an additional 5,438 shares during the last quarter. Institutional investors and hedge funds own 24.19% of the company’s stock.

Lesaka Technologies Company Profile

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.