Lightspeed Commerce (TSE:LSPD) Trading Down 0.8%

Lightspeed Commerce Inc. (TSE:LSPD) dropped 0.8% on Thursday . The stock traded as low as C$17.72 and last traded at C$17.90. Approximately 332,139 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 716,499 shares. The stock had previously closed at C$18.04.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James reduced their target price on shares of Lightspeed Commerce from C$43.00 to C$35.00 and set an “outperform” rating for the company in a research note on Friday, February 9th. CIBC cut their target price on shares of Lightspeed Commerce from C$27.00 to C$25.00 and set a “neutral” rating for the company in a research note on Friday, February 9th. ATB Capital reduced their price target on shares of Lightspeed Commerce from C$35.00 to C$30.00 and set an “outperform” rating for the company in a research report on Friday, February 9th. National Bankshares upped their price target on Lightspeed Commerce from C$20.00 to C$25.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Finally, Cormark decreased their price objective on Lightspeed Commerce from C$35.00 to C$26.00 in a research report on Monday, February 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$24.75.

Lightspeed Commerce Trading Down 0.7 %

The company’s 50 day moving average is C$18.54 and its two-hundred day moving average is C$21.26. The company has a debt-to-equity ratio of 0.96, a current ratio of 6.22 and a quick ratio of 6.05. The firm has a market cap of C$2.72 billion, a P/E ratio of -9.82 and a beta of 2.72.

About Lightspeed Commerce

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.