Usio (NASDAQ:USIO) was the target of a significant decline in short interest during the month of February. As of February 14th, there was short interest totalling 7,000 shares, a decline of 86.9% from the January 30th total of 53,400 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is presently 0.5 days.
Shares of Usio stock traded up $0.07 during trading on Wednesday, hitting $1.69. 23,900 shares of the company were exchanged, compared to its average volume of 14,153. The firm has a market capitalization of $28.51 million, a P/E ratio of -4.83 and a beta of 1.25. Usio has a 1-year low of $1.56 and a 1-year high of $3.57. The firm’s fifty day moving average price is $1.73 and its 200 day moving average price is $1.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04.
Several equities analysts recently weighed in on USIO shares. Barrington Research restated a “buy” rating and issued a $5.00 price objective on shares of Usio in a report on Thursday, December 12th. Zacks Investment Research raised shares of Usio from a “hold” rating to a “buy” rating and set a $2.25 target price for the company in a report on Friday, November 22nd. Finally, ValuEngine raised Usio from a “hold” rating to a “buy” rating in a research note on Saturday, December 7th.
Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.
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