Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) rose 1.3% during trading on Friday . The company traded as high as $86.32 and last traded at $85.93. Approximately 223,155 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 298,750 shares. The stock had previously closed at $84.79.
Analyst Ratings Changes
Separately, Susquehanna cut their price target on shares of Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating on the stock in a research note on Tuesday, May 13th.
Read Our Latest Report on KSPI
Joint Stock Company Kaspi.kz Price Performance
The firm has a market capitalization of $17.41 billion, a PE ratio of 8.37 and a beta of 1.04. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $85.00 and a two-hundred day moving average price of $94.45.
Institutional Investors Weigh In On Joint Stock Company Kaspi.kz
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KSPI. Quantbot Technologies LP purchased a new position in shares of Joint Stock Company Kaspi.kz during the first quarter worth approximately $110,000. Abacus FCF Advisors LLC acquired a new stake in Joint Stock Company Kaspi.kz during the 4th quarter worth $684,000. Flossbach Von Storch SE grew its position in Joint Stock Company Kaspi.kz by 20.0% during the 4th quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock worth $1,421,000 after purchasing an additional 2,500 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Joint Stock Company Kaspi.kz by 24.8% in the first quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company's stock valued at $3,721,000 after purchasing an additional 7,951 shares during the period. Finally, Marshall Wace LLP increased its stake in Joint Stock Company Kaspi.kz by 1,095.0% in the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after purchasing an additional 114,761 shares during the period. Hedge funds and other institutional investors own 32.20% of the company's stock.
Joint Stock Company Kaspi.kz Company Profile
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Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.
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