Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 1-Year Low – Time to Sell?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $71.71 and last traded at $71.86, with a volume of 153129 shares. The stock had previously closed at $73.63.

Analyst Ratings Changes

Several brokerages recently weighed in on KSPI. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. The Goldman Sachs Group upgraded Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $96.00 price objective on shares of Joint Stock Company Kaspi.kz in a report on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.00.

Joint Stock Company Kaspi.kz Trading Down 0.7%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $14.22 billion, a price-to-earnings ratio of 6.54 and a beta of 0.93. The business’s 50 day moving average price is $80.23 and its two-hundred day moving average price is $84.27.

Institutional Trading of Joint Stock Company Kaspi.kz

A number of hedge funds and other institutional investors have recently modified their holdings of KSPI. Quantbot Technologies LP bought a new position in Joint Stock Company Kaspi.kz during the first quarter valued at about $110,000. SG Americas Securities LLC lifted its holdings in Joint Stock Company Kaspi.kz by 70.1% in the 2nd quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock valued at $2,431,000 after acquiring an additional 11,805 shares during the last quarter. Driehaus Capital Management LLC boosted its position in shares of Joint Stock Company Kaspi.kz by 24.8% during the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock valued at $3,721,000 after purchasing an additional 7,951 shares in the last quarter. Renaissance Capital LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 6.7% in the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock worth $5,572,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Joint Stock Company Kaspi.kz by 9.8% during the second quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock valued at $12,520,000 after purchasing an additional 13,113 shares during the last quarter. Institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

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.