Net One Ueps Stock Gaps Up On Today's Open (UEPS)

NEW YORK ( TheStreet) -- Shares of Net one Ueps Technologies (Nasdaq: UEPS) were gapping up Wednesday morning with an open price 26.5% higher than Tuesday's closing price. The stock closed at $6.72 Tuesday and opened today's trading at $8.50.

The average volume for Net one Ueps has been 98,800 shares per day over the past 30 days. Net one Ueps has a market cap of $311 million and is part of the services sector and diversified services industry. Shares are down 9.9% year to date as of the close of trading on Tuesday.

Net one UEPS Technologies, Inc., together with its subsidiaries, provides payment solutions and transaction processing services primarily in South Africa, Korea, and Europe. The company has a P/E ratio of 20.3, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Net one Ueps as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Net one Ueps Ratings Report.

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