Locafy (NASDAQ:LCFY) Shares Down 2.4% – What’s Next?

Locafy Limited (NASDAQ:LCFY) traded down 2.4% during trading on Tuesday . The stock traded as low as $4.75 and last traded at $4.88. 28,403 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 65,187 shares. The stock had previously closed at $5.00.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Locafy in a report on Saturday, September 27th. Wall Street Zen raised shares of Locafy to a “hold” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Locafy presently has a consensus rating of “Sell”.

Locafy Price Performance

The firm has a market capitalization of $6.73 million, a price-to-earnings ratio of -4.48 and a beta of 1.97. The company’s fifty day moving average price is $5.67 and its 200 day moving average price is $4.89. 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 (NASDAQ:LCFY) last issued its quarterly earnings data on Friday, August 29th. The company reported ($0.29) earnings per share for the quarter. The company had revenue of $0.51 million for the quarter.

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.