USA Technologies, Inc. (NASDAQ:USAT) traded down 4.3% during mid-day trading on Tuesday . The company traded as low as $12.22 and last traded at $12.23. 4,080 shares were traded during mid-day trading, a decline of 99% from the average session volume of 297,828 shares. The stock had previously closed at $12.78.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of USA Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. Lake Street Capital lifted their price objective on shares of USA Technologies from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 5th. Finally, Northland Securities upgraded shares of USA Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 16th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $10.00.
The firm’s 50 day moving average price is $11.00 and its two-hundred day moving average price is $9.77. The company has a market cap of $877.67 million, a P/E ratio of -21.67 and a beta of 2.10. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 1.05.
A number of hedge funds have recently made changes to their positions in the business. Hudson Bay Capital Management LP bought a new stake in USA Technologies during the 4th quarter valued at $13,951,000. Emerald Mutual Fund Advisers Trust bought a new stake in USA Technologies during the 4th quarter valued at $11,898,000. Emerald Advisers LLC bought a new stake in USA Technologies during the 4th quarter valued at $11,306,000. First Washington CORP bought a new stake in USA Technologies during the 4th quarter valued at $8,125,000. Finally, Royce & Associates LP purchased a new position in USA Technologies during the 4th quarter worth $5,444,000. Institutional investors and hedge funds own 23.64% of the company’s stock.
About USA Technologies (NASDAQ:USAT)
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and Internet of Things (IoT) services.
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