Lightspeed Commerce (TSE:LSPD) Stock Jumps 2.2% – Here’s Why

Lightspeed Commerce Inc. (TSE:LSPD)’s stock price was up 2.2% during trading on Thursday. The stock traded as high as C$15.69 and last traded at C$15.67. Approximately 396,227 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 693,732 shares. The stock had previously closed at C$15.34.

Lightspeed Commerce Price Performance

The company has a debt-to-equity ratio of 1.44, a current ratio of 3.44 and a quick ratio of 6.05. The stock has a market cap of C$2.03 billion, a price-to-earnings ratio of -22.07 and a beta of 1.77. The business’s 50-day simple moving average is C$14.36 and its two-hundred day simple moving average is C$13.79.

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. The company had revenue of C$458.49 million during the quarter. Lightspeed Commerce had a negative net margin of 7.86% and a negative return on equity of 6.61%. Research analysts expect that Lightspeed Commerce Inc. will post 0.60 earnings per share for the current 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.