Locafy (NASDAQ:LCFY) Shares Down 4.2% – Here’s Why

Locafy Limited (NASDAQ:LCFYGet Free Report)’s stock price traded down 4.2% during trading on Thursday . The company traded as low as $6.80 and last traded at $7.06. 15,885 shares were traded during trading, a decline of 96% from the average session volume of 356,054 shares. The stock had previously closed at $7.37.

Locafy Trading Down 4.2 %

The firm has a market capitalization of $9.76 million, a price-to-earnings ratio of -5.74 and a beta of 1.46. The business’s fifty day moving average is $6.24 and its 200 day moving average is $5.22. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04.

Locafy Company Profile

(Get Free Report)

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.

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