Shares of Qiwi PLC (NASDAQ:QIWI) saw an uptick in trading volume on Tuesday . 275,287 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 358,353 shares.The stock last traded at $12.28 and had previously closed at $13.09.

A number of research firms recently issued reports on QIWI. Zacks Investment Research downgraded shares of Qiwi PLC from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Qiwi PLC in a research note on Wednesday, March 16th. Finally, Susquehanna decreased their price target on shares of Qiwi PLC from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, March 21st. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Qiwi PLC currently has an average rating of “Hold” and an average target price of $15.63.

The firm has a market cap of $760.91 million and a price-to-earnings ratio of 5.05. The firm has a 50 day moving average price of $13.00 and a 200 day moving average price of $13.53.

Qiwi PLC (NASDAQ:QIWI) last issued its quarterly earnings data on Wednesday, May 18th. The company reported $20.41 EPS for the quarter, topping analysts’ consensus estimates of $16.23 by $4.18. The business earned $2.51 billion during the quarter, compared to analysts’ expectations of $2.53 billion. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $20.29 earnings per share. On average, equities analysts expect that Qiwi PLC will post $74.48 EPS for the current year.

A hedge fund recently raised its stake in Qiwi PLC stock. GSA Capital Partners LLP boosted its position in Qiwi PLC (NASDAQ:QIWI) by 21.1% during the fourth quarter, Holdings Channel reports. 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 approximately 0.38% of Qiwi PLC worth $4,161,000 as of its most recent filing with the SEC.

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.