Locafy (NASDAQ:LCFY) Stock Price Down 3.3% – Here’s Why

Locafy Limited (NASDAQ:LCFYGet Free Report) shares fell 3.3% during mid-day trading on Wednesday . The stock traded as low as $2.31 and last traded at $2.33. 10,765 shares changed hands during mid-day trading, a decline of 10% from the average daily volume of 12,028 shares. The stock had previously closed at $2.41.

Locafy Stock Performance

The company’s fifty day simple moving average is $3.19 and its two-hundred day simple moving average is $3.81. The company has a market capitalization of $4.19 million, a price-to-earnings ratio of -2.62 and a beta of 1.67.

Locafy (NASDAQ:LCFYGet Free Report) last issued its earnings results on Wednesday, July 1st. The company reported ($0.28) earnings per share (EPS) for the quarter. The firm had revenue of $0.84 million for the quarter.

Locafy Company Profile

(Get Free Report)

Locafy (NASDAQ:LCFY) is a technology company that offers a cloud-based software platform designed to streamline and automate local search marketing for multi-location businesses. Through its SaaS solution, Locafy enables brands to create, manage and optimize location-specific web pages and digital assets at scale, ensuring consistent and accurate information across search engines and online directories.

The Locafy platform leverages machine learning and automation to generate on-page SEO content, manage business listings and track local search performance.

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