Locafy (NASDAQ:LCFY) Issues Quarterly Earnings Results

Locafy (NASDAQ:LCFY) released its quarterly earnings results on Wednesday. The company reported ($0.29) EPS for the quarter, Zacks reports. The firm had revenue of $0.53 million for the quarter.

Locafy Price Performance

Shares of Locafy stock traded up $0.17 during trading on Thursday, reaching $4.12. 2,564 shares of the company’s stock were exchanged, compared to its average volume of 672,078. The company has a market cap of $5.69 million, a P/E ratio of -3.78 and a beta of 1.91. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.62 and a current ratio of 1.62. Locafy has a 1-year low of $2.51 and a 1-year high of $13.98. The firm’s 50-day moving average price is $5.62 and its 200 day moving average price is $4.91.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LCFY shares. Weiss Ratings restated a “sell (d)” rating on shares of Locafy in a research report on Saturday, September 27th. Wall Street Zen raised Locafy to a “hold” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Locafy presently has an average rating of “Sell”.

Locafy Company Profile

Locafy Limited operates as a software-as-a-service company (SaaS) that specializes in search engine marketing in Australia, New Zealand, Europe, North America, and internationally. The company operates in three segments: Publishing, Direct Sales, and Reseller Sales. It focuses on commercializing its SaaS online publishing technology platform that comprises an integrated suite of solutions.