Net 1 UEPS Technologies Inc. (UEPS) Trading Down 3%
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS)’s share price fell 3% during trading on Thursday . The company traded as low as $9.46 and last traded at $9.48, with a volume of 258,175 shares traded. The stock had previously closed at $9.77.
A number of research firms have commented on UEPS. Zacks Investment Research downgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th. Robert W. Baird began coverage on shares of Net 1 UEPS Technologies in a report on Sunday, May 8th. They issued a “buy” rating for the company.
The stock’s 50 day moving average price is $10.22 and its 200-day moving average price is $10.21. The company has a market cap of $491.68 million and a P/E ratio of 5.67.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its earnings results on Thursday, August 25th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.44 by $0.07. The business had revenue of $151.30 million for the quarter, compared to the consensus estimate of $161.90 million. Net 1 UEPS Technologies’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. On average, equities analysts anticipate that Net 1 UEPS Technologies Inc. will post $1.70 EPS for the current fiscal year.
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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