Lesaka Technologies (NASDAQ:LSAK) Trading Up 1.1% – Here’s Why

Lesaka Technologies, Inc. (NASDAQ:LSAK) shares traded up 1.1% during trading on Monday . The stock traded as high as $4.65 and last traded at $4.57. Approximately 38,590 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 147,241 shares. The stock had previously closed at $4.52.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen cut Lesaka Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings lowered Lesaka Technologies from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Lesaka Technologies Trading Down 2.2%

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.54 and a quick ratio of 1.44. The business’s 50-day moving average is $4.79 and its two-hundred day moving average is $4.78. The firm has a market cap of $383.53 million, a P/E ratio of -12.77 and a beta of 0.32.

Lesaka Technologies (NASDAQ:LSAK) last issued its quarterly earnings results on Friday, March 27th. The company reported $0.03 EPS for the quarter. The firm had revenue of $96.37 million for the quarter. Lesaka Technologies had a negative net margin of 4.11% and a negative return on equity of 15.95%. As a group, analysts predict that Lesaka Technologies, Inc. will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LSAK. Renaissance Technologies LLC increased its position in shares of Lesaka Technologies by 16.6% during the 1st quarter. Renaissance Technologies LLC now owns 185,900 shares of the company’s stock worth $946,000 after purchasing an additional 26,500 shares during the last quarter. 9823 Capital L.P. acquired a new stake in shares of Lesaka Technologies in the 4th quarter valued at approximately $94,000. Barclays PLC grew its stake in shares of Lesaka Technologies by 13,359.8% in the fourth quarter. Barclays PLC now owns 141,866 shares of the company’s stock valued at $677,000 after buying an additional 140,812 shares in the last quarter. Potomac Capital Management Inc. acquired a new position in Lesaka Technologies during the fourth quarter worth $4,766,000. Finally, Rathbones Group PLC increased its holdings in Lesaka Technologies by 6.6% during the fourth quarter. Rathbones Group PLC now owns 3,644,420 shares of the company’s stock worth $17,384,000 after buying an additional 225,000 shares during the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

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. The company also engages in the sale of POS devices, SIM cards, and other consumables; and license of rights to use certain technology developed by the company, as well as offers related technology services.