NEW YORK ( TheStreet) -- Net 1 Ueps Technologies (Nasdaq: UEPS) hit a new 52-week low Tuesday as it traded at $9.50 compared with its previous 52-Week low of $9.55. Net 1 Ueps is changing hands at $9.56 with 25,863 shares traded as of 10:22 a.m. ET. Average volume has been 255,000 shares over the past 30 days. Net 1 Ueps has a market cap of $444.9 million and is part of the services sector and diversified services industry. Shares are down 21.3% year to date as of the close of trading on Monday. 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 22.7, above the average diversified services industry P/E ratio of 22.6 and above the S&P 500 P/E ratio of 17.5. TheStreet Ratings rates Net 1 Ueps as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, 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. See all 52-week low stocks or get investment ideas from our investment research center.