Lightspeed Commerce Inc. (TSE:LSPD - Get Free Report) shares fell 0.8% during mid-day trading on Thursday . The company traded as low as C$17.72 and last traded at C$17.90. 332,139 shares changed hands during trading, a decline of 54% from the average session volume of 716,499 shares. The stock had previously closed at C$18.04.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on LSPD. Cormark dropped their price target on Lightspeed Commerce from C$35.00 to C$26.00 in a research report on Monday, February 12th. ATB Capital dropped their price target on Lightspeed Commerce from C$35.00 to C$30.00 and set an "outperform" rating on the stock in a research report on Friday, February 9th. CIBC dropped their price target on Lightspeed Commerce from C$27.00 to C$25.00 and set a "neutral" rating on the stock in a research report on Friday, February 9th. National Bankshares raised their price objective on Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Finally, Raymond James dropped their price objective on Lightspeed Commerce from C$43.00 to C$35.00 and set an "outperform" rating on the stock in a research report on Friday, February 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$24.75.
View Our Latest Research Report on Lightspeed Commerce
Lightspeed Commerce Stock Performance
The business has a 50 day simple moving average of C$18.54 and a 200 day simple moving average of C$21.26. The company has a quick ratio of 6.05, a current ratio of 6.22 and a debt-to-equity ratio of 0.96. The company has a market capitalization of C$2.72 billion, a PE ratio of -9.82 and a beta of 2.72.
About Lightspeed Commerce
(
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Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.
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