Usio (NASDAQ:USIO) Shares Up 5.7%

Shares of Usio (NASDAQ:USIO) shot up 5.7% on Wednesday . The company traded as high as $1.93 and last traded at $1.86. 100,468 shares traded hands during trading, an increase of 69% from the average session volume of 59,594 shares. The stock had previously closed at $1.76.

A number of research firms have recently weighed in on USIO. LADENBURG THALM/SH SH reissued a “buy” rating and set a $4.50 price target on shares of Usio in a research report on Friday, May 22nd. Barrington Research began coverage on shares of Usio in a research report on Monday, August 17th. They set a “buy” rating and a $5.00 price target for the company. Alliance Global Partners downgraded shares of Usio from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd. Zacks Investment Research downgraded shares of Usio from a “buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Usio in a report on Wednesday, August 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $4.06.

The stock has a market cap of $37.88 million, a price-to-earnings ratio of -5.03 and a beta of 1.43. The business’s fifty day simple moving average is $2.43 and its 200 day simple moving average is $1.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.01 and a quick ratio of 1.01.

Usio (NASDAQ:USIO) last posted its earnings results on Friday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $6.96 million during the quarter, compared to the consensus estimate of $6.44 million. Usio had a negative net margin of 16.75% and a negative return on equity of 66.62%. As a group, equities analysts forecast that Usio will post -0.34 EPS for the current fiscal year.

Usio Company Profile (NASDAQ:USIO)

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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