Net 1 UEPS Technologies Inc. (UEPS) Stock Price Down 3%
Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) fell 3% during trading on Thursday . The stock traded as low as $9.46 and last traded at $9.48, with a volume of 258,175 shares trading hands. The stock had previously closed at $9.77.
Several research firms have commented on UEPS. 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. Robert W. Baird began coverage on shares of Net 1 UEPS Technologies in a research note on Sunday, May 8th. They issued a “buy” rating for the company.
The firm’s 50-day moving average price is $10.24 and its 200-day moving average price is $10.21. The company has a market capitalization of $481.02 million and a PE ratio of 5.54.
Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its earnings results on Thursday, August 25th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.07. During the same period in the previous year, the firm posted $0.58 EPS. The company had revenue of $151.30 million for the quarter, compared to the consensus estimate of $161.90 million. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts anticipate that Net 1 UEPS Technologies Inc. will post $1.70 earnings per share 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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