Net 1 Ueps Technolog Upgraded to “Hold” at TheStreet (UEPS)
Net 1 Ueps Technolog (NASDAQ:UEPS) was upgraded by research analysts at TheStreet from a “sell” rating to a “hold” rating in a report released on Tuesday, Stock Ratings Network.com reports.
The analysts wrote, “Net one Ueps Technologies (UEPS) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”
A number of other firms have also recently commented on UEPS. Analysts at Janney Montgomery Scott upgraded shares of Net 1 Ueps Technolog (NASDAQ:UEPS) from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 10th. They now have a $16.00 price target on the stock, up previously from $10.00.
Net 1 Ueps Technolog (NASDAQ:UEPS) traded up 2.54% on Tuesday, hitting $12.30. 35,039 shares of the company’s stock traded hands. Net 1 Ueps Technolog has a one year low of $3.01 and a one year high of $13.00. The stock has a 50-day moving average of $10.51 and a 200-day moving average of $7.99. The company has a market cap of $555.8 million and a price-to-earnings ratio of 42.84.
Net 1 Ueps Technolog (NASDAQ:UEPS) last released its earnings data on Thursday, August 22nd. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.09. The company had revenue of $117.88 million for the quarter, compared to the consensus estimate of $114.36 million. During the same quarter last year, the company posted $0.27 earnings per share. Net 1 Ueps Technolog’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Net 1 Ueps Technolog will post $1.25 EPS for the current fiscal year.
Net 1 UEPS Technologies, Inc (NASDAQ:UEPS) provides a smart-card based alternative payment system for the unbanked and underbanked populations of developing economies.
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