Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sets New 52-Week Low – Here’s Why

Joint Stock Company Kaspi.kz (NASDAQ:KSPI)’s share price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $82.50 and last traded at $82.50, with a volume of 114465 shares trading hands. The stock had previously closed at $90.43.

Joint Stock Company Kaspi.kz Price 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 company has a 50 day simple moving average of $98.70 and a 200 day simple moving average of $102.28. The stock has a market cap of $16.58 billion, a P/E ratio of 8.02 and a beta of 1.44.

Institutional Trading of Joint Stock Company Kaspi.kz

A number of institutional investors have recently made changes to their positions in the business. Abacus FCF Advisors LLC bought a new position in Joint Stock Company Kaspi.kz in the fourth quarter valued at $684,000. Flossbach Von Storch SE boosted its stake 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 worth $1,421,000 after buying an additional 2,500 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Joint Stock Company Kaspi.kz in the 3rd quarter valued at about $7,942,000. Marshall Wace LLP grew its holdings in shares of Joint Stock Company Kaspi.kz by 1,095.0% in the 4th 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, Geode Capital Management LLC increased its position in shares of Joint Stock Company Kaspi.kz by 0.9% in 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. 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.