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

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

Joint Stock Company Kaspi.kz Stock Performance

The stock has a market cap of $16.58 billion, a P/E ratio of 8.02 and a beta of 1.44. The stock has a fifty day simple moving average of $98.70 and a 200-day simple moving average of $102.28. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Joint Stock Company Kaspi.kz by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 167,451 shares of the company’s stock valued at $15,859,000 after purchasing an additional 1,440 shares during the period. Flossbach Von Storch SE boosted its holdings in shares of Joint Stock Company Kaspi.kz by 20.0% in the fourth 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 during the period. Abacus FCF Advisors LLC bought a new stake in shares of Joint Stock Company Kaspi.kz during the fourth quarter worth $684,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Joint Stock Company Kaspi.kz during the third quarter worth $7,942,000. Finally, Marshall Wace LLP lifted its position in 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. 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.