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Net 1 Ueps Technolog (NASDAQ:UEPS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $12.70 price objective on the stock. Zacks‘s target price indicates a potential upside of 15.77% from the stock’s previous close.

Net 1 Ueps Technolog (NASDAQ:UEPS) traded down 0.91% on Tuesday, hitting $10.87. The stock had a trading volume of 101,853 shares. Net 1 Ueps Technolog has a 1-year low of $7.01 and a 1-year high of $13.00. The stock has a 50-day moving average of $11.00 and a 200-day moving average of $10.2. The company has a market cap of $493.5 million and a price-to-earnings ratio of 10.18.

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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