NEW YORK ( TheStreet) -- Net 1 Ueps Technologies (Nasdaq: UEPS) hit a new 52-week low Thursday as it traded at $10.31 compared with its previous 52-Week low of $10.35. Net 1 Ueps is changing hands at $10.35 with 35,264 shares traded as of 9:51 a.m. ET. Average volume has been 265,200 shares over the past 30 days. Net 1 Ueps has a market cap of $493.1 million and is part of the services sector and diversified services industry. Shares are down 13.9% year to date as of the close of trading on Wednesday. Net 1 UEPS Technologies, Inc. provides universal electronic payment system (UEPS) as an alternative payment system for the unbanked and under-banked populations in South Africa. The company has a P/E ratio of 25.2, above the average diversified services industry P/E ratio of 25 and above the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates Net 1 Ueps as hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Net 1 Ueps Ratings Report.