Shares of Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) hit a new 52-week low during trading on Monday . The company traded as low as $9.02 and last traded at $9.02, with a volume of 73,838 shares. The stock had previously closed at $9.15.

A number of analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 26th. TheStreet lowered shares of Net 1 UEPS Technologies from a “b-” rating to a “c+” rating in a research note on Thursday, October 19th. ValuEngine upgraded shares of Net 1 UEPS Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Finally, BidaskClub upgraded shares of Net 1 UEPS Technologies from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th.

The company has a market capitalization of $510.04 million, a PE ratio of 6.86 and a beta of 0.77. The company has a 50 day moving average price of $9.57 and a 200 day moving average price of $9.76.

Net 1 UEPS Technologies (NASDAQ:UEPS) last announced its quarterly earnings data on Friday, August 25th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.07). The company had revenue of $155.10 million during the quarter, compared to analysts’ expectations of $172.64 million. Net 1 UEPS Technologies had a net margin of 11.96% and a return on equity of 14.06%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts anticipate that Net 1 UEPS Technologies, Inc. will post $1.64 EPS for the current fiscal year.

In related news, Director Paul Edwards sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $10.18, for a total value of $50,900.00. Following the transaction, the director now owns 19,822 shares in the company, valued at approximately $201,787.96. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $241,159.39. Following the completion of the transaction, the director now owns 18,124 shares in the company, valued at approximately $178,158.92. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Wedbush Securities Inc. acquired a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $117,000. Seizert Capital Partners LLC increased its holdings in Net 1 UEPS Technologies by 38.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 525,650 shares of the business services provider’s stock worth $5,120,000 after buying an additional 144,917 shares during the period. Nine Chapters Capital Management LLC acquired a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $190,000. Aperio Group LLC acquired a new position in Net 1 UEPS Technologies in the 3rd quarter worth approximately $357,000. Finally, Shell Asset Management Co. increased its holdings in Net 1 UEPS Technologies by 34.3% in the 3rd quarter. Shell Asset Management Co. now owns 110,484 shares of the business services provider’s stock worth $1,331,000 after buying an additional 28,243 shares during the period. Institutional investors own 56.09% of the company’s stock.

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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.

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