Locafy (NASDAQ:LCFY) Stock Price Down 9.4% – Should You Sell?

Locafy Limited (NASDAQ:LCFY) fell 9.4% during trading on Tuesday . The stock traded as low as $7.10 and last traded at $7.51. 31,468 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 28,458 shares. The stock had previously closed at $8.29.

Locafy Trading Down 9.4 %

The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.04. The company has a market cap of $10.36 million, a P/E ratio of -6.11 and a beta of 1.52. The business has a 50-day moving average price of $7.51 and a two-hundred day moving average price of $6.32.

Locafy (NASDAQ:LCFY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter. Locafy had a negative return on equity of 64.65% and a negative net margin of 58.48%. The firm had revenue of $0.53 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.