Lesaka Technologies (NASDAQ:LSAK) Trading Down 3% - Should You Sell?
The company has a 50 day moving average of $4.37 and a two-hundred day moving average of $4.81. The firm has a market cap of $338.81 million, a P/E ratio of -6.84 and a beta of 0.66. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.40.
In related news, Chairman Ali Mazanderani purchased 30,930 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were bought at an average price of $5.00 per share, with a total value of $154,650.00. Following the completion of the acquisition, the chairman now owns 469,826 shares of the company’s stock, valued at approximately $2,349,130. This represents a 7.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last quarter, insiders acquired 59,246 shares of company stock worth $294,848. Corporate insiders own 4.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Rathbones Group PLC boosted its position in shares of Lesaka Technologies by 41.3% in the 1st 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 period. Hosking Partners LLP boosted its holdings in shares of Lesaka Technologies by 1.0% in the fourth 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 period. Renaissance Technologies LLC increased its position in shares of Lesaka Technologies by 9.7% in the fourth 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 in the last quarter. Finally, Barclays PLC raised its holdings in shares of Lesaka Technologies by 444.4% during the fourth 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. 24.19% of the stock is owned by institutional investors and hedge funds.
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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