Separately, Zacks Investment Research downgraded USA Technologies from a hold rating to a sell rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of $8.33.
OTCMKTS:USAT opened at $4.36 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $5.83 and its 200 day simple moving average is $6.78. USA Technologies has a 52-week low of $3.80 and a 52-week high of $9.25.
USA Technologies (OTCMKTS:USAT) last released its earnings results on Tuesday, February 18th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The company had revenue of $44.05 million during the quarter, compared to analyst estimates of $40.85 million. USA Technologies had a negative net margin of 20.14% and a negative return on equity of 21.80%. On average, analysts expect that USA Technologies will post -0.29 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the stock. Emerald Advisers LLC grew its holdings in USA Technologies by 0.7% during the fourth quarter. Emerald Advisers LLC now owns 1,125,746 shares of the technology company’s stock worth $8,331,000 after purchasing an additional 7,980 shares during the period. P.A.W. Capital Corp grew its holdings in USA Technologies by 12.2% during the fourth quarter. P.A.W. Capital Corp now owns 550,000 shares of the technology company’s stock worth $4,070,000 after purchasing an additional 60,000 shares during the period. Barclays PLC grew its holdings in USA Technologies by 137.6% during the third quarter. Barclays PLC now owns 354,803 shares of the technology company’s stock worth $2,601,000 after purchasing an additional 205,470 shares during the period. California Public Employees Retirement System grew its holdings in USA Technologies by 14.8% during the third quarter. California Public Employees Retirement System now owns 129,800 shares of the technology company’s stock worth $951,000 after purchasing an additional 16,700 shares during the period. Finally, Selz Capital LLC bought a new position in USA Technologies during the fourth quarter worth about $733,000. Institutional investors and hedge funds own 23.26% of the company’s stock.
About USA Technologies
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 machine-to-machine (M2M) services.
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