Net 1 UEPS Technologies Inc. (UEPS) Trading 2.4% Higher
Shares of Net 1 UEPS Technologies Inc. (NASDAQ:UEPS) traded up 2.4% during mid-day trading on Wednesday . The stock traded as high as $9.94 and last traded at $9.91, with a volume of 113,746 shares. The stock had previously closed at $9.68.
Several analysts have issued reports on the company. Zacks Investment Research downgraded Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a report on Thursday. Robert W. Baird restated a “buy” rating on shares of Net 1 UEPS Technologies in a report on Monday, May 16th.
The firm has a market cap of $481.02 million and a P/E ratio of 5.54. The firm’s 50-day moving average is $10.24 and its 200-day moving average is $10.21.
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. Equities analysts forecast that Net 1 UEPS Technologies Inc. will post $1.70 earnings per share for the current 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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