Lightspeed Commerce (TSE:LSPD) Shares Down 0.5% – Time to Sell?

Shares of Lightspeed Commerce Inc. (TSE:LSPD) dropped 0.5% during trading on Thursday . The stock traded as low as C$13.36 and last traded at C$13.50. 528,181 shares traded hands during trading, a decline of 27% from the average daily volume of 720,635 shares. The stock had previously closed at C$13.57.

Lightspeed Commerce Stock Performance

The stock has a market cap of C$1.75 billion, a P/E ratio of -19.01 and a beta of 1.85. The company has a quick ratio of 6.05, a current ratio of 3.44 and a debt-to-equity ratio of 1.44. The business has a 50 day moving average price of C$14.47 and a two-hundred day moving average price of C$13.39.

Lightspeed Commerce (TSE:LSPD) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.19 earnings per share (EPS) for the quarter. Lightspeed Commerce had a negative net margin of 7.86% and a negative return on equity of 6.61%. The company had revenue of C$458.49 million for the quarter. On average, sell-side analysts forecast that Lightspeed Commerce Inc. will post 0.5970516 earnings per share for the current fiscal year.

About Lightspeed Commerce

Lightspeed is the POS and payments platform powering businesses at the heart of communities in over 100 countries. As the partner of choice for ambitious retail, golf and hospitality entrepreneurs, Lightspeed helps businesses accelerate growth, deliver exceptional customer experiences, and run smarter across all channels and locations. With fast, flexible omnichannel technology, Lightspeed brings together point of sale, ecommerce, embedded payments, inventory, reporting, staff and supplier management, financial services, and an exclusive wholesale retail network.