USA Technologies (NASDAQ:USAT) Trading Down 4.3%

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.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Thursday, February 4th. The technology company reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.03. The business had revenue of $38.29 million during the quarter, compared to analyst estimates of $40.43 million. USA Technologies had a negative net margin of 22.78% and a negative return on equity of 22.76%. As a group, analysts forecast that USA Technologies, Inc. will post -0.23 EPS for the current fiscal year.

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.

Read More: Using other technical indicators with support levels

Receive News & Ratings for USA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.