Lightspeed Commerce (TSE:LSPD) Stock Price Down 0.8% – Here’s What Happened

Lightspeed Commerce Inc. (TSE:LSPD) shares were down 0.8% during mid-day trading on Thursday. The stock traded as low as C$13.70 and last traded at C$13.79. 480,890 shares were traded during mid-day trading, a decline of 32% from the average daily volume of 706,464 shares. The stock had previously closed at C$13.90.

Lightspeed Commerce Stock Performance

The firm has a fifty day moving average of C$14.22 and a 200-day moving average of C$13.50. 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 firm has a market cap of C$1.81 billion, a P/E ratio of -19.72 and a beta of 1.85.

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

Lightspeed Commerce Company Profile

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.