Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report)'s stock price fell 3.3% during mid-day trading on Tuesday . The stock traded as low as $4.25 and last traded at $4.35. 84,843 shares traded hands during mid-day trading, an increase of 216% from the average session volume of 26,836 shares. The stock had previously closed at $4.50.
Lesaka Technologies Price Performance
The company has a debt-to-equity ratio of 0.87, a current ratio of 1.37 and a quick ratio of 1.25. The company has a 50-day moving average price of $4.32 and a 200-day moving average price of $4.60. The firm has a market capitalization of $345.31 million, a PE ratio of -5.18 and a beta of 0.67.
Institutional Trading of Lesaka Technologies
Several institutional investors and hedge funds have recently made changes to their positions in LSAK. Rathbones Group PLC lifted its position in Lesaka Technologies by 41.3% during the first quarter. Rathbones Group PLC now owns 1,797,332 shares of the company's stock worth $8,573,000 after buying an additional 525,000 shares during the period. Barclays PLC lifted its position in Lesaka Technologies by 444.4% during the fourth quarter. Barclays PLC now owns 5,738 shares of the company's stock worth $32,000 after buying an additional 4,684 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Lesaka Technologies by 9.7% during the fourth quarter. Renaissance Technologies LLC now owns 197,700 shares of the company's stock worth $1,077,000 after buying an additional 17,481 shares during the period. 24.19% of the stock is currently owned by hedge funds and other institutional investors.
Lesaka Technologies Company Profile
(
Get Free Report)
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.
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