Lesaka Technologies (NASDAQ:LSAK) Shares Down 1.9%

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

Lesaka Technologies Stock Performance

The company has a current ratio of 1.58, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average is $3.73 and its 200 day moving average is $3.76. The company has a market cap of $252.68 million, a PE ratio of -9.88 and a beta of 1.02.

Lesaka Technologies (NASDAQ:LSAK) last posted its earnings results on Tuesday, February 6th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The company had revenue of $143.89 million for the quarter, compared to analysts’ expectations of $144.48 million. Lesaka Technologies had a negative net margin of 4.77% and a negative return on equity of 14.17%. As a group, research analysts predict that Lesaka Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSAK. UBS Group AG acquired a new stake in shares of Lesaka Technologies in the fourth quarter valued at approximately $1,550,000. Bank of America Corp DE acquired a new stake in shares of Lesaka Technologies during the fourth quarter worth $63,000. Geode Capital Management LLC acquired a new stake in shares of Lesaka Technologies during the fourth quarter worth $144,000. Renaissance Technologies LLC purchased a new position in Lesaka Technologies in the fourth quarter worth $619,000. Finally, Deutsche Bank AG purchased a new position in Lesaka Technologies in the fourth quarter worth $5,742,000. 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.