Usio (NASDAQ:USIO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Usio (NASDAQ:USIO) from a hold rating to a sell rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “Usio Inc. provides integrated payment solutions to merchants, billers, banks, service bureaus and card issuers. The Company operates credit, debit/prepaid, and ACH payment processing platforms. Usio Inc., formerly known as Payment Data Systems Inc., is headquartered in San Antonio, Texas. “

Several other analysts have also issued reports on the company. LADENBURG THALM/SH SH reaffirmed a buy rating and issued a $4.50 target price on shares of Usio in a research note on Friday, May 22nd. Maxim Group reaffirmed a buy rating and issued a $4.00 target price on shares of Usio in a research note on Tuesday, May 19th. Finally, Barrington Research reaffirmed a buy rating and issued a $5.00 target price on shares of Usio in a research note on Thursday, May 28th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. Usio has a consensus rating of Buy and an average target price of $3.81.

Shares of USIO opened at $1.95 on Friday. The firm has a market cap of $37.45 million, a P/E ratio of -5.27 and a beta of 1.51. The stock has a 50 day simple moving average of $2.01 and a two-hundred day simple moving average of $1.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. Usio has a 1 year low of $0.75 and a 1 year high of $3.45.

Usio (NASDAQ:USIO) last issued its earnings results on Thursday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. The business had revenue of $7.77 million during the quarter, compared to analyst estimates of $7.54 million. Usio had a negative return on equity of 59.08% and a negative net margin of 16.60%. On average, equities analysts anticipate that Usio will post -0.34 earnings per share for the current year.

About 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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