Locafy (NASDAQ:LCFY) Stock Price Up 2% – Here’s Why

Locafy Limited (NASDAQ:LCFYGet Free Report) shot up 2% during mid-day trading on Friday . The company traded as high as $6.94 and last traded at $6.78. 5,876 shares were traded during mid-day trading, a decline of 99% from the average session volume of 453,194 shares. The stock had previously closed at $6.65.

Locafy Stock Up 2.0 %

The stock has a market cap of $8.65 million, a price-to-earnings ratio of -3.63 and a beta of 1.21. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $5.52 and its 200-day moving average price is $4.27.

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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