Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) saw unusually-high trading volume on Monday . Approximately 1,901,371 shares changed hands during trading, an increase of 789% from the previous session’s volume of 213,764 shares.The stock last traded at $9.73 and had previously closed at $10.27.

UEPS has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on shares of Net 1 UEPS Technologies in a research note on Sunday, May 8th. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th.

The stock has a 50 day moving average of $10.29 and a 200-day moving average of $10.22. The stock has a market capitalization of $477.47 million and a PE ratio of 5.50.

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

A hedge fund recently raised its stake 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 disclosure with the Securities and Exchange Commission (SEC). 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 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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