Net 1 UEPS Technologies (NASDAQ:UEPS) has been given a $7.00 target price by stock analysts at B. Riley in a report released on Tuesday, TipRanks reports. The firm presently has a “buy” rating on the business services provider’s stock. B. Riley’s price objective would suggest a potential upside of 100.00% from the company’s previous close.
UEPS has been the subject of several other research reports. Zacks Investment Research cut Net 1 UEPS Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, July 13th. Maxim Group set a $7.00 price target on Net 1 UEPS Technologies and gave the company a “buy” rating in a report on Friday, May 24th. Finally, ValuEngine upgraded shares of Net 1 UEPS Technologies from a “hold” rating to a “buy” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Net 1 UEPS Technologies currently has a consensus rating of “Hold” and a consensus target price of $7.00.
Net 1 UEPS Technologies stock traded up $0.04 during mid-day trading on Tuesday, hitting $3.50. 190,116 shares of the company’s stock traded hands, compared to its average volume of 348,478. The firm has a 50 day moving average price of $3.47 and a 200 day moving average price of $3.67. The company has a market cap of $188.12 million, a PE ratio of 1.79 and a beta of 0.70. Net 1 UEPS Technologies has a one year low of $2.78 and a one year high of $8.07.
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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