LifeSpeak (TSE:LSPK) Stock Price Down 6.4% – Here’s Why

LifeSpeak Inc. (TSE:LSPK) dropped 6.4% on Monday . The company traded as low as C$0.30 and last traded at C$0.37. Approximately 51,304 shares changed hands during trading, an increase of 246% from the average daily volume of 14,826 shares. The stock had previously closed at C$0.39.

Analysts Set New Price Targets

LSPK has been the subject of a number of recent analyst reports. Royal Bank of Canada cut their price objective on LifeSpeak from C$0.25 to C$0.20 in a research report on Friday, November 8th. TD Securities cut their price target on LifeSpeak from C$0.50 to C$0.35 and set a “hold” rating for the company in a report on Friday, November 8th.

LifeSpeak Trading Down 5.6 %

The company has a debt-to-equity ratio of 459.59, a current ratio of 0.14 and a quick ratio of 0.40. The business’s 50-day moving average is C$0.37 and its 200 day moving average is C$0.46. The firm has a market capitalization of C$20.11 million, a P/E ratio of -0.74, a price-to-earnings-growth ratio of -0.01 and a beta of 0.94.

About LifeSpeak

LifeSpeak Inc provides software-as-a-service platform for digital mental, physical, and wellbeing resources worldwide. It offers digital educational resources, such as consumable videos, podcasts, and articles for depression, stress management, and financial health; and on-demand workout library, and automated and live sessions in various areas, including general fitness, nutrition, mindfulness, cardio, strength, yoga, pre-natal, pilates, etc.