Lesaka Technologies (NASDAQ:LSAK) Trading 3.4% Higher – What’s Next?

Shares of Lesaka Technologies, Inc. (NASDAQ:LSAK) shot up 3.4% during trading on Wednesday . The company traded as high as $5.45 and last traded at $5.43. 27,043 shares changed hands during trading, an increase of 1% from the average session volume of 26,726 shares. The stock had previously closed at $5.25.

Lesaka Technologies Stock Up 3.4 %

The firm has a market capitalization of $423.65 million, a PE ratio of -21.72 and a beta of 0.93. The company has a current ratio of 1.73, a quick ratio of 1.53 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $5.13 and a two-hundred day moving average of $4.87.

Lesaka Technologies (NASDAQ:LSAK) last released its quarterly earnings data on Wednesday, September 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $146.05 million during the quarter, compared to analysts’ expectations of $149.30 million. Lesaka Technologies had a negative return on equity of 9.15% and a negative net margin of 2.85%. During the same quarter last year, the business earned ($0.19) earnings per share. On average, equities research analysts forecast that Lesaka Technologies, Inc. will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Lesaka Technologies

A number of hedge funds have recently made changes to their positions in LSAK. Russell Investments Group Ltd. increased its holdings in Lesaka Technologies by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 87,046 shares of the company’s stock valued at $326,000 after purchasing an additional 3,137 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Lesaka Technologies by 8.8% during the 2nd quarter. Renaissance Technologies LLC now owns 182,100 shares of the company’s stock valued at $852,000 after buying an additional 14,700 shares during the period. Rathbones Group PLC raised its holdings in shares of Lesaka Technologies by 100.0% during the 2nd quarter. Rathbones Group PLC now owns 1,272,332 shares of the company’s stock valued at $5,955,000 after buying an additional 636,166 shares during the period. Finally, Hosking Partners LLP lifted its position in Lesaka Technologies by 58.8% during the 2nd quarter. Hosking Partners LLP now owns 2,607,388 shares of the company’s stock worth $12,203,000 after acquiring an additional 965,576 shares in the last quarter. Hedge funds and other 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.