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Lesaka Technologies (NASDAQ:LSAK) Stock Price Up 1.1% - Should You Buy? - Defense World

Published 1 week ago2 minute read
Get Free Report)’s stock price traded up 1.1% during mid-day trading on Monday . The company traded as high as $4.65 and last traded at $4.49. 100,567 shares traded hands during trading, an increase of 283% from the average session volume of 26,228 shares. The stock had previously closed at $4.44.

The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.25 and a current ratio of 1.37. The stock has a 50 day moving average of $4.27 and a 200 day moving average of $4.68. The stock has a market capitalization of $364.81 million, a P/E ratio of -5.48 and a beta of 0.67.

Several institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC raised its position in Lesaka Technologies by 444.4% in the fourth quarter. Barclays PLC now owns 5,738 shares of the company’s stock worth $32,000 after acquiring an additional 4,684 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Lesaka Technologies by 9.7% during the fourth quarter. Renaissance Technologies LLC now owns 197,700 shares of the company’s stock valued at $1,077,000 after purchasing an additional 17,481 shares during the last quarter. Finally, 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 valued at $8,573,000 after purchasing an additional 525,000 shares during the last quarter. Institutional investors own 24.19% of the company’s stock.

(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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