Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Rating) was up 0.5% during mid-day trading on Wednesday . The stock traded as high as $4.44 and last traded at $4.34. Approximately 21,790 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 16,443 shares. The stock had previously closed at $4.32.
Lesaka Technologies Stock Up 0.5 %
The company's fifty day simple moving average is $4.06 and its 200-day simple moving average is $4.45. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.42 and a quick ratio of 1.20. The firm has a market capitalization of $257.27 million, a PE ratio of -6.20 and a beta of 1.19.
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Lesaka Technologies (NASDAQ:LSAK – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.09). Lesaka Technologies had a negative return on equity of 14.46% and a negative net margin of 13.29%. The firm had revenue of $124.79 million during the quarter, compared to analysts' expectations of $121.53 million. On average, analysts forecast that Lesaka Technologies, Inc. will post -0.46 EPS for the current year.
Insider Transactions at Lesaka Technologies
In related news, major shareholder Value Capital Partners (Pty) L acquired 1,000,000 shares of the stock in a transaction dated Thursday, November 17th. The stock was acquired at an average cost of $3.93 per share, for a total transaction of $3,930,000.00. Following the completion of the purchase, the insider now owns 14,670,700 shares of the company's stock, valued at approximately $57,655,851. The purchase was disclosed in a document filed with the SEC, which is available through
this link. Over the last ninety days, insiders purchased 1,245,176 shares of company stock worth $4,907,193. Company insiders own 2.70% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Lesaka Technologies stock. Meixler Investment Management Ltd. bought a new stake in shares of Lesaka Technologies, Inc. (NASDAQ:LSAK – Get Rating) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 35,434 shares of the company's stock, valued at approximately $125,000. Meixler Investment Management Ltd. owned 0.06% of Lesaka Technologies at the end of the most recent reporting period. 56.25% of the stock is owned by hedge funds and other institutional investors.
About Lesaka Technologies
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Lesaka Technologies, Inc, a financial technology company, engages in the provision of fintech products and services to unbanked and underbanked individuals and small businesses primarily in South Africa and internationally. The company operates through three segments: Consumer, Merchant, and Other. It provides financial services, such as bank accounts, loans, and insurance products.
Further Reading
- Get a free copy of the StockNews.com research report on Lesaka Technologies (LSAK)
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