Qiwi PLC (NASDAQ:QIWI) saw unusually-high trading volume on Tuesday . Approximately 321,550 shares were traded during trading, a decline of 3% from the previous session’s volume of 332,293 shares.The stock last traded at $22.74 and had previously closed at $23.08.
QIWI has been the topic of several analyst reports. ValuEngine raised shares of Qiwi from a “strong sell” rating to a “sell” rating in a report on Tuesday. BidaskClub raised shares of Qiwi from a “hold” rating to a “buy” rating in a report on Thursday. Zacks Investment Research downgraded shares of Qiwi from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. raised shares of Qiwi from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $19.00 to $20.00 in a report on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $23.00.
The firm has a market cap of $1.41 billion, a P/E ratio of 23.84 and a beta of 1.14. The stock’s 50-day simple moving average is $20.34 and its two-hundred day simple moving average is $16.74.
About Qiwi (NASDAQ:QIWI)
Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally. The company offers payment services across online, mobile, and physical channels through a network of approximately 109,000 kiosks and 43,000 terminals that run its proprietary software.
Further Reading: How to Use a Moving Average for Trading
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