Net 1 UEPS Technologies Inc (NASDAQ:UEPS) was the target of a large increase in short interest in June. As of June 15th, there was short interest totalling 808,700 shares, an increase of 13.7% from the May 15th total of 711,500 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 284,900 shares, the days-to-cover ratio is presently 2.8 days.
NASDAQ:UEPS traded down $0.01 on Friday, reaching $4.05. 145,548 shares of the stock traded hands, compared to its average volume of 225,016. The firm has a market capitalization of $230.16 million, a P/E ratio of 2.07 and a beta of 0.70. Net 1 UEPS Technologies has a 12 month low of $2.78 and a 12 month high of $9.66. The stock’s fifty day moving average is $3.79.
Net 1 UEPS Technologies (NASDAQ:UEPS) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.56). The firm had revenue of $86.48 million for the quarter, compared to the consensus estimate of $105.12 million. Net 1 UEPS Technologies had a negative net margin of 25.48% and a negative return on equity of 7.37%. The firm’s revenue for the quarter was down 46.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 earnings per share. As a group, sell-side analysts predict that Net 1 UEPS Technologies will post -2.28 EPS for the current fiscal year.
A number of analysts have weighed in on UEPS shares. Maxim Group set a $7.00 price objective on shares of Net 1 UEPS Technologies and gave the company a “buy” rating in a research note on Friday, May 24th. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday, July 13th. Finally, ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Net 1 UEPS Technologies presently has a consensus rating of “Hold” and an average target price of $8.50.
Net 1 UEPS Technologies Company Profile
Net 1 UEPS Technologies, Inc provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. The company develops and markets transaction processing solutions, including smart card-based alternative payment systems for the unbanked and under-banked populations of developing economies and for mobile transaction channels.
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