Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sets New 1-Year Low – Should You Sell?

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) hit a new 52-week low during trading on Thursday . The company traded as low as $77.80 and last traded at $88.40, with a volume of 680780 shares changing hands. The stock had previously closed at $81.23.

Joint Stock Company Kaspi.kz Trading Up 8.8 %

The stock has a 50-day moving average of $97.46 and a 200 day moving average of $101.62. The stock has a market cap of $17.64 billion, a PE ratio of 8.53 and a beta of 1.44. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Joint Stock Company Kaspi.kz by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock valued at $15,859,000 after buying an additional 1,440 shares during the last quarter. Marshall Wace LLP boosted its position in Joint Stock Company Kaspi.kz by 1,095.0% in the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company’s stock valued at $11,862,000 after buying an additional 114,761 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Joint Stock Company Kaspi.kz in the third quarter valued at approximately $7,942,000. Flossbach Von Storch SE boosted its position in Joint Stock Company Kaspi.kz by 20.0% in the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company’s stock worth $1,421,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Abacus FCF Advisors LLC purchased a new stake in Joint Stock Company Kaspi.kz in the 4th quarter worth approximately $684,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.