Could Qiwi plc (QIWI) Rise Even More? The Stock Had Another Big Increase Today

April 17, 2018 - By Winifred Garcia

Qiwi plc (NASDAQ:QIWI) Logo

The stock of Qiwi plc (NASDAQ:QIWI) is a huge mover today! The stock increased 6.62% or $1.04 during the last trading session, reaching $16.76. About 609,045 shares traded or 104.38% up from the average. Qiwi plc (NASDAQ:QIWI) has risen 3.18% since April 17, 2017 and is uptrending. It has underperformed by 8.37% the S&P500.
The move comes after 5 months positive chart setup for the $1.02 billion company. It was reported on Apr, 17 by Barchart.com. We have $18.27 PT which if reached, will make NASDAQ:QIWI worth $91.98M more.

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 has market cap of $1.02 billion. The firm provides payment services across physical, online, and mobile channels through a network of approximately 113,000 kiosks and 49,000 terminals that run its proprietary software. It has a 10.21 P/E ratio. It also provides Visa Qiwi Wallet and Qiwi Wallet, which are online and mobile payment processing, and money transfer systems that allow accountholders to pay for the services and products of merchants, as well as perform peer-to-peer money transfers through a virtual wallet in the online and mobile environment; and Visa-branded prepaid cards.

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