Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report) shares were down 3% during mid-day trading on Friday . The stock traded as low as $3.98 and last traded at $4.17. Approximately 15,135 shares were traded during trading, a decline of 45% from the average daily volume of 27,741 shares. The stock had previously closed at $4.30.
Lesaka Technologies Stock Down 3.0%
The company has a debt-to-equity ratio of 0.40, a current ratio of 0.93 and a quick ratio of 0.81. The stock has a market capitalization of $338.81 million, a P/E ratio of -6.84 and a beta of 0.66. The firm has a 50 day moving average of $4.37 and a 200-day moving average of $4.82.
Insider Activity
In related news, Chairman Ali Mazanderani acquired 30,930 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of $5.00 per share, for a total transaction of $154,650.00. Following the purchase, the chairman now owns 469,826 shares in the company, valued at approximately $2,349,130. This trade represents a 7.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have purchased 59,246 shares of company stock worth $294,848. Company insiders own 4.00% of the company's stock.
Institutional Investors Weigh In On Lesaka Technologies
Large investors have recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Lesaka Technologies by 444.4% in the 4th quarter. Barclays PLC now owns 5,738 shares of the company's stock valued at $32,000 after purchasing an additional 4,684 shares during the period. Renaissance Technologies LLC grew its position in Lesaka Technologies by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 197,700 shares of the company's stock worth $1,077,000 after acquiring an additional 17,481 shares during the last quarter. Rathbones Group PLC grew its position in Lesaka Technologies by 41.3% during the 1st quarter. Rathbones Group PLC now owns 1,797,332 shares of the company's stock worth $8,573,000 after acquiring an additional 525,000 shares during the last quarter. Finally, Hosking Partners LLP grew its position in Lesaka Technologies by 1.0% during the 4th quarter. Hosking Partners LLP now owns 2,807,998 shares of the company's stock worth $15,304,000 after acquiring an additional 28,644 shares during the last quarter. 24.19% of the stock is currently owned by institutional investors.
About Lesaka Technologies
(
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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