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

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

Lesaka Technologies Stock Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 1.36. The firm has a market capitalization of $252.68 million, a PE ratio of -9.88 and a beta of 1.02. The stock has a 50-day moving average price of $3.73 and a 200-day moving average price of $3.76.

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

Institutional Trading of Lesaka Technologies

Several hedge funds and other institutional investors have recently modified their holdings of LSAK. Morgan Stanley acquired a new stake in shares of Lesaka Technologies in the fourth quarter valued at about $23,549,000. Potomac Capital Management Inc. raised its stake in shares of Lesaka Technologies by 0.3% in the first quarter. Potomac Capital Management Inc. now owns 1,770,348 shares of the company’s stock valued at $8,498,000 after acquiring an additional 5,918 shares during the last quarter. Hosking Partners LLP raised its stake in shares of Lesaka Technologies by 17.0% in the third quarter. Hosking Partners LLP now owns 1,654,064 shares of the company’s stock valued at $6,451,000 after acquiring an additional 240,565 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Lesaka Technologies in the fourth quarter valued at approximately $5,742,000. Finally, Rathbones Group PLC acquired a new stake in shares of Lesaka Technologies in the third quarter valued at approximately $2,481,000. 24.19% of the stock is currently owned by hedge funds and other institutional investors.

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.