Lesaka Technologies (NASDAQ:LSAK) Stock Price Up 2.6% – Still a Buy?

Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) rose 2.6% during mid-day trading on Friday . The company traded as high as $4.75 and last traded at $4.75. Approximately 12,072 shares were traded during trading, a decline of 57% from the average daily volume of 28,021 shares. The stock had previously closed at $4.63.

Lesaka Technologies Price Performance

The firm has a 50 day moving average price of $4.90 and a 200 day moving average price of $5.04. The stock has a market capitalization of $375.84 million, a PE ratio of -7.79 and a beta of 0.82. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.41). Lesaka Technologies had a negative net margin of 7.94% and a negative return on equity of 24.96%. Research analysts anticipate that Lesaka Technologies, Inc. will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On Lesaka Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LSAK. Barclays PLC increased its stake in shares of 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 purchasing an additional 4,684 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Lesaka Technologies by 9.7% in 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 period. Finally, Hosking Partners LLP boosted its holdings in Lesaka Technologies by 1.0% in 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 period. Institutional investors own 24.19% of the company’s stock.

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.