Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Down 7.5% - What's Next?

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) shares were down 7.5% during mid-day trading on Monday . The stock traded as low as $80.60 and last traded at $83.39. Approximately 192,181 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 289,844 shares. The stock had previously closed at $90.11.

Analyst Ratings Changes

Separately, Susquehanna decreased their price objective on 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.

Joint Stock Company Kaspi.kz Stock Performance

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 business's fifty day simple moving average is $89.14 and its 200-day simple moving average is $97.67. The firm has a market cap of $16.64 billion, a P/E ratio of 8.05 and a beta of 1.48.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Large investors have recently modified their holdings of the stock. Flossbach Von Storch SE boosted its holdings in shares of 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 valued at $1,421,000 after buying an additional 2,500 shares in the last quarter. Geode Capital Management LLC increased its position in Joint Stock Company Kaspi.kz by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock valued at $15,859,000 after acquiring an additional 1,440 shares during the last quarter. Abacus FCF Advisors LLC purchased a new position in Joint Stock Company Kaspi.kz during the fourth quarter valued at $684,000. Marshall Wace LLP lifted its position in shares of 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 acquiring an additional 114,761 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Joint Stock Company Kaspi.kz by 8.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 313,992 shares of the company's stock worth $29,154,000 after purchasing an additional 24,616 shares during the last quarter. Institutional investors own 32.20% of the company's stock.

Joint Stock Company Kaspi.kz Company Profile

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.