Lesaka Technologies (NASDAQ:LSAK) Stock Price Down 1.9%

Lesaka Technologies, Inc. (NASDAQ:LSAK) shares fell 1.9% during mid-day trading on Tuesday . The company traded as low as $4.05 and last traded at $4.05. 4,705 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 13,230 shares. The stock had previously closed at $4.13.

Lesaka Technologies Price Performance

The stock has a fifty day moving average of $3.74 and a 200-day moving average of $3.76. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $262.46 million, a price-to-earnings ratio of -10.27 and a beta of 1.02.

Lesaka Technologies (NASDAQ:LSAK) last announced its quarterly earnings results on Tuesday, February 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The firm had revenue of $143.89 million during the quarter, compared to the consensus estimate of $144.48 million. Lesaka Technologies had a negative return on equity of 14.17% and a negative net margin of 4.77%. On average, equities research analysts predict that Lesaka Technologies, Inc. will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Lesaka Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hosking Partners LLP lifted its stake in Lesaka Technologies by 17.0% in the third quarter. Hosking Partners LLP now owns 1,654,064 shares of the company’s stock valued at $6,451,000 after buying an additional 240,565 shares during the last quarter. Rathbones Group PLC purchased a new stake in Lesaka Technologies in the third quarter valued at approximately $2,481,000. Potomac Capital Management Inc. lifted its stake in Lesaka Technologies by 0.8% in the third quarter. Potomac Capital Management Inc. now owns 1,525,999 shares of the company’s stock valued at $5,951,000 after buying an additional 12,076 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Lesaka Technologies in the fourth quarter valued at approximately $589,000. Finally, Renaissance Technologies LLC lifted its stake in Lesaka Technologies by 3.7% in the second quarter. Renaissance Technologies LLC now owns 142,900 shares of the company’s stock valued at $544,000 after buying an additional 5,100 shares during the last quarter. 24.19% of the stock is owned by institutional investors and hedge funds.

About Lesaka Technologies

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.