Qiwi PLC (NASDAQ:QIWI) saw unusually-strong trading volume on Thursday . Approximately 308,805 shares were traded during trading, a decline of 7% from the previous session’s volume of 331,941 shares.The stock last traded at $12.35 and had previously closed at $12.59.

A number of equities analysts have recently issued reports on QIWI shares. Susquehanna cut their target price on Qiwi PLC from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, March 21st. Zacks Investment Research upgraded Qiwi PLC from a “sell” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, April 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $15.63.

The firm has a 50 day moving average price of $13.11 and a 200-day moving average price of $13.32. The stock has a market cap of $735.55 million and a price-to-earnings ratio of 4.88.

Qiwi PLC (NASDAQ:QIWI) last posted its quarterly earnings results on Wednesday, May 18th. The company reported $20.41 EPS for the quarter, topping the Zacks’ consensus estimate of $16.23 by $4.18. The firm earned $2.51 billion during the quarter, compared to analyst estimates of $2.53 billion. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $20.29 earnings per share. On average, equities analysts expect that Qiwi PLC will post $74.51 earnings per share for the current year.

A hedge fund recently raised its stake in Qiwi PLC stock. GSA Capital Partners LLP increased its position in shares of Qiwi PLC (NASDAQ:QIWI) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,830 shares of the company’s stock after buying an additional 40,344 shares during the period. GSA Capital Partners LLP owned about 0.38% of Qiwi PLC worth $4,161,000 as of its most recent SEC filing.

QIWI plc is a provider of payment services in Russia and the Commonwealth of Independent States (CIS). The Company’s network enables payment services across physical, online and mobile channels. The Company operates in target markets and customer segments. It had deployed over 16.1 million virtual wallets, approximately 172,000 kiosks and terminals, and enabled merchants to accept cash and electronic payments.

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