Locafy (NASDAQ:LCFY) Releases Earnings Results

Locafy (NASDAQ:LCFY) announced its earnings results on Wednesday. The company reported ($0.29) EPS for the quarter, Zacks reports.

Locafy Trading Up 0.3%

NASDAQ:LCFY traded up $0.01 during trading hours on Wednesday, hitting $3.95. The company had a trading volume of 25,141 shares, compared to its average volume of 675,164. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.62 and a quick ratio of 1.62. Locafy has a 52 week low of $2.51 and a 52 week high of $13.98. The company has a market capitalization of $5.45 million, a PE ratio of -3.62 and a beta of 1.91. The stock has a 50-day moving average price of $5.65 and a 200 day moving average price of $4.92.

Analysts Set New Price Targets

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

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.