Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Issues Earnings Results

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) announced its earnings results on Monday. The company reported $3.09 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.34), Zacks reports.

Joint Stock Company Kaspi.kz Price Performance

Shares of Joint Stock Company Kaspi.kz stock traded down $0.63 during trading on Tuesday, reaching $102.37. 211,366 shares of the company traded hands, compared to its average volume of 277,950. Joint Stock Company Kaspi.kz has a 1-year low of $86.24 and a 1-year high of $143.72. The company has a 50 day moving average price of $97.87 and a 200-day moving average price of $107.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

Analyst Upgrades and Downgrades

Several brokerages have commented on KSPI. JPMorgan Chase & Co. dropped their target price on shares of Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research report on Monday, December 2nd. Citigroup assumed coverage on Joint Stock Company Kaspi.kz in a research note on Monday, November 4th. They issued a “buy” rating and a $140.00 price target on the stock.

About Joint Stock Company Kaspi.kz

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.