Net 1 Ueps Technologies (UEPS) Crumbles: Stock Falls by 5.5%


Net 1 Ueps Technologies Inc. (UEPS) saw a big move last session, as the company’s shares fell by about 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for UEPS, as the stock is now down over 13% since March 25.

This payment solutions and transactions processing services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

UEPS currently has a Zacks Rank #3 (Hold) while its Earnings ESP  is 0.00%.

Some better-ranked stocks in the broader Business Services sector include Convergys Corporation (CVG), ICF International Inc. (ICFI) and Rentrak Corporation (RENT). All these stocks hold a Zacks Rank #1 (Strong Buy).

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NET 1 UEPS TECHNOLOGIES INC (UEPS): Free Stock Analysis Report

CONVERGYS CORP (CVG): Free Stock Analysis Report

ICF INTERNATIONAL INC (ICFI): Free Stock Analysis Report

RENTRAK CP (RENT): Free Stock Analysis Report

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