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

Several brokerages have recently weighed in on UEPS. Robert W. Baird assumed coverage on shares of Net 1 UEPS Technologies in a report on Sunday, May 8th. They issued a “buy” rating on the stock. Zacks Investment Research cut shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.

The company has a market capitalization of $462.62 million and a PE ratio of 5.90. The company’s 50 day moving average is $10.29 and its 200 day moving average is $10.21.

Net 1 UEPS Technologies (NASDAQ:UEPS) last posted its quarterly 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. The company earned $151.30 million during the quarter, compared to analyst estimates of $161.90 million. The company’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. On average, equities analysts forecast that Net 1 UEPS Technologies Inc. will post $1.92 EPS for the current fiscal year.

An institutional investor recently raised its position in Net 1 UEPS Technologies stock. RS Investment Management Co. LLC raised its position in Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) by 32.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 approximately 0.49% of Net 1 UEPS Technologies worth $3,026,000 at the end of the most recent reporting period.

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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