Lightspeed Commerce (TSE:LSPD) Shares Up 3.8% – Here’s Why

Lightspeed Commerce Inc. (TSE:LSPD)’s share price was up 3.8% during trading on Tuesday . The stock traded as high as C$25.78 and last traded at C$25.64. Approximately 1,180,227 shares were traded during mid-day trading, an increase of 83% from the average daily volume of 644,274 shares. The stock had previously closed at C$24.71.

Lightspeed Commerce Stock Down 3.8 %

The company has a current ratio of 6.19, a quick ratio of 6.05 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average price of C$20.92 and a 200-day moving average price of C$19.48. The firm has a market cap of C$3.75 billion, a P/E ratio of -18.47 and a beta of 2.69.

Insider Transactions at Lightspeed Commerce

In related news, Senior Officer Ana Wight sold 2,790 shares of Lightspeed Commerce stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$18.44, for a total transaction of C$51,454.02. Also, Senior Officer Kady Srinivasan sold 3,378 shares of Lightspeed Commerce stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$16.64, for a total value of C$56,203.06. Insiders sold a total of 7,386 shares of company stock worth $123,720 over the last three months. 9.93% of the stock is currently owned by insiders.

Lightspeed Commerce Company Profile

Lightspeed Commerce Inc engages in sale of cloud-based software subscriptions and payments solutions for small and midsize businesses, retailers, restaurants, and golf course operators in North America, Europe, the United Kingdom, Australia, New Zealand, and internationally. Its Software as a Service platform enables customers to engage with consumers, manage operations, accept payments, etc.