Net 1 UEPS Technologies Shares Sinking Lower, Down 3.4%

Published on Mon, 04/22/2013 - 10:20
By Peter Chu in Market movers, UEPS, market movers, nasdaq:ueps, net 1 ueps technologies

Net 1 UEPS Technologies (NASDAQ:UEPS) is one of today's biggest movers, down 3.4% to $6.75. The S&P is currently trading fractionally lower to 1,553 and the Dow Jones Industrial Average is trading 0.4% lower to 14,487.

Net 1 UEPS Technologies, Inc. holds a non-exclusive worldwide license to the Universal Electronic Payment System (UEPS). The Company commercializes the smart card based service through alliances with banks, card services, and retail organizations.

In the past 52 weeks, Net 1 UEPS Technologies share prices have been bracketed by a low of $3.01 and a high of $12.62 and are now at $6.75, 124% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.8%.

Net 1 UEPS Technologies has overhead space with shares priced $6.75, or 3.6% below the average consensus analyst price target of $7.00. The stock should find resistance at its 200-day moving average (MA) of $7.32, as well as support at its 50-day MA of $6.31.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of Xerox Rise Above Previous 52-W...

Shares of Xerox (NYSE:XRX) traded today at $13.29, breaking its 52-week high. So far t ...

Recent 52-Week High Exceeded in Shares o...

Shares of Weingarten Realty Investors (NYSE:WRI) traded at a new 52-week high today of ...

Shares of VCA Antech Rise to a New 52-We...

VCA Antech (NASDAQ:WOOF) traded at a new 52-week high today of $39.50. So far today ap ...

Westmoreland Coal: The Winning Streak Co...

Shares of Westmoreland Coal (AMEX:WLB) traded at a new 52-week high today of $43.45. T ...

Shares of Windstream Rise Above Previous...

Windstream (NASDAQ:WIN) traded today at a new 52-week high of $10.57. Approximately 3. ...

Titan International: The Losing Streak C...

Shares of Titan International (NYSE:TWI) traded today at $13.97, breaking its 52-week l ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week low today of $73.72. Th ...

Watch for Continued Gains in Shares of T...

Shares of TriQuint Semiconductor (NASDAQ:TQNT) traded today at $18.50, breaking its 52- ...