Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) traded up 5.8% during mid-day trading on Tuesday . The company traded as high as $11.52 and last traded at $11.37. 988,002 shares changed hands during trading, an increase of 428% from the average session volume of 187,015 shares. The stock had previously closed at $10.75.
Several equities research analysts have recently weighed in on UEPS shares. ValuEngine raised Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 22nd. TheStreet raised Net 1 UEPS Technologies from a “c+” rating to a “b-” rating in a research report on Friday, December 1st. Sidoti assumed coverage on Net 1 UEPS Technologies in a research report on Monday, November 20th. They issued a “buy” rating for the company. Finally, Zacks Investment Research upgraded Net 1 UEPS Technologies from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, one has given a buy rating and two have given a strong buy rating to the stock. Net 1 UEPS Technologies presently has an average rating of “Buy” and an average target price of $11.00.
The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 0.05. The stock has a market cap of $621.08, a P/E ratio of 6.78 and a beta of 0.80.
In other news, Director Paul Edwards sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $10.18, for a total transaction of $50,900.00. Following the sale, the director now directly owns 19,822 shares in the company, valued at approximately $201,787.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Stefan Seabrooke sold 24,533 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $9.83, for a total value of $241,159.39. Following the sale, the director now owns 18,124 shares in the company, valued at $178,158.92. The disclosure for this sale can be found here. Corporate insiders own 3.18% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Marshall Wace North America L.P. bought a new position in Net 1 UEPS Technologies in the 2nd quarter worth approximately $107,000. Wedbush Securities Inc. bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $117,000. Regal Investment Advisors LLC bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $156,000. Nine Chapters Capital Management LLC bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $190,000. Finally, Macquarie Group Ltd. bought a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $244,000. Institutional investors and hedge funds own 56.14% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Net 1 UEPS Technologies (UEPS) Trading 5.8% Higher” was first reported by Transcript Daily and is owned by of Transcript Daily. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://transcriptdaily.com/2017/12/13/net-1-ueps-technologies-ueps-trading-5-8-higher.html.
About Net 1 UEPS Technologies
Net 1 UEPS Technologies, Inc is a provider of payment solutions, transaction processing services and financial technology across multiple industries. The Company develops and markets a transaction processing solution that encompasses its smart card-based alternative payment system for the unbanked and under-banked populations of developing economies and for mobile transaction channels.
Receive News & Ratings for Net 1 UEPS Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Net 1 UEPS Technologies and related companies with MarketBeat.com's FREE daily email newsletter.