Lesaka Technologies (NASDAQ:LSAK) Stock Price Down 3% - Time to Sell?

Lesaka Technologies, Inc. (NASDAQ:LSAK - Get Free Report)'s share price traded down 3% during trading on Friday . The stock traded as low as $3.98 and last traded at $4.17. 15,135 shares were traded during mid-day trading, a decline of 45% from the average session volume of 27,741 shares. The stock had previously closed at $4.30.

Lesaka Technologies Stock Down 2.2%

The company's 50-day moving average is $4.35 and its 200 day moving average is $4.80. The stock has a market capitalization of $330.68 million, a PE ratio of -6.67 and a beta of 0.66. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

Insider Activity

In other news, Chairman Ali Mazanderani bought 8,316 shares of Lesaka Technologies stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average price of $4.93 per share, for a total transaction of $40,997.88. Following the purchase, the chairman now directly owns 405,600 shares of the company's stock, valued at approximately $1,999,608. The trade was a 2.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 59,246 shares of company stock valued at $294,848 over the last ninety days. 4.00% of the stock is currently owned by insiders.

Institutional Trading of Lesaka Technologies

Several large investors have recently added to or reduced their stakes in LSAK. Rathbones Group PLC lifted its holdings in shares of 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 purchasing an additional 525,000 shares during the period. Hosking Partners LLP raised 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 buying an additional 28,644 shares during the last quarter. Renaissance Technologies LLC raised 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 buying an additional 17,481 shares during the last quarter. Finally, Barclays PLC lifted its stake in Lesaka Technologies by 444.4% during the 4th quarter. Barclays PLC now owns 5,738 shares of the company's stock valued at $32,000 after acquiring an additional 4,684 shares during the period. Hedge funds and other institutional investors own 24.19% of the company's stock.

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.