Shares of Qiwi PLC (NASDAQ:QIWI) traded down 5.6% during mid-day trading on Thursday . The stock traded as low as $14.56 and last traded at $14.73. 530,102 shares were traded during mid-day trading, an increase of 9% from the average session volume of 488,501 shares. The stock had previously closed at $15.61.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded Qiwi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. BidaskClub downgraded Qiwi from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 15th. VTB Capital upgraded Qiwi from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, ValuEngine upgraded Qiwi from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.67.

The company has a market capitalization of $714.39, a PE ratio of 13.96 and a beta of 3.33.

Several large investors have recently added to or reduced their stakes in QIWI. KCG Holdings Inc. bought a new stake in shares of Qiwi during the 1st quarter valued at $200,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Qiwi during the 2nd quarter valued at $201,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Qiwi during the 3rd quarter worth $245,000. Ameriprise Financial Inc. acquired a new position in shares of Qiwi during the 2nd quarter worth $260,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Qiwi during the 3rd quarter worth $268,000. Hedge funds and other institutional investors own 17.48% of the company’s stock.

WARNING: This piece was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/30/qiwi-qiwi-stock-price-down-5-6.html.

Qiwi Company Profile

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. As of December 31, 2016, the Company had deployed over 17.2 million virtual wallets, over 162,000 kiosks and terminals, and enabled merchants to accept over Russian rubles 70 billion cash and electronic payments monthly.

Receive News & Ratings for Qiwi PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qiwi PLC and related companies with MarketBeat.com's FREE daily email newsletter.