Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) shares fell 3.4% during trading on Friday . The company traded as low as $10.31 and last traded at $10.35, with a volume of 181,176 shares traded. The stock had previously closed at $10.71.

A number of brokerages have commented on UEPS. Robert W. Baird began coverage on Net 1 UEPS Technologies in a research note on Sunday, May 8th. They set a “buy” rating on the stock. Zacks Investment Research upgraded Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 7th.

The company has a 50-day moving average price of $10.30 and a 200 day moving average price of $10.21. The company has a market cap of $521.11 million and a P/E ratio of 6.01.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its earnings results on Thursday, August 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.07. During the same period last year, the firm earned $0.58 earnings per share. The firm had revenue of $151.30 million for the quarter, compared to analyst estimates of $161.90 million. Net 1 UEPS Technologies’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities analysts expect that Net 1 UEPS Technologies Inc. will post $1.70 EPS for the current year.

An institutional investor recently raised its position in Net 1 UEPS Technologies stock. RS Investment Management Co. LLC boosted its stake in shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) by 32.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,984 shares of the company’s stock after buying an additional 54,259 shares during the period. RS Investment Management Co. LLC owned about 0.49% of Net 1 UEPS Technologies worth $3,026,000 as of its most recent filing with the SEC.

Net 1 UEPS Technologies, Inc is South Africa-based a provider of payment solutions and transaction processing services across a range of industries and in various geographies. The Company operates in four segments: Smart card accounts, International transaction-based activities, financial services and Hardware, software and related technology sales.

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