BidaskClub Downgrades USA Technologies (USAT) to Hold

BidaskClub downgraded shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a research report report published on Tuesday.

Several other research analysts have also commented on USAT. Barrington Research reissued a buy rating on shares of USA Technologies in a research note on Friday, March 23rd. Northland Securities reissued a buy rating and issued a $14.00 price objective on shares of USA Technologies in a research note on Thursday, March 15th. Finally, Zacks Investment Research raised shares of USA Technologies from a hold rating to a buy rating and set a $10.00 price objective for the company in a research note on Saturday, February 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $11.67.

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NASDAQ USAT opened at $8.40 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.36 and a debt-to-equity ratio of 0.31. USA Technologies has a one year low of $4.25 and a one year high of $10.10. The company has a market capitalization of $466.70, a PE ratio of -420.00 and a beta of 0.59.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. USA Technologies had a negative net margin of 10.39% and a positive return on equity of 2.18%. The business had revenue of $32.51 million during the quarter, compared to analyst estimates of $31.38 million. equities research analysts anticipate that USA Technologies will post 0.06 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new position in USA Technologies in the fourth quarter worth approximately $118,000. Prudential Financial Inc. purchased a new position in USA Technologies in the third quarter worth approximately $121,000. Aperio Group LLC purchased a new position in USA Technologies in the fourth quarter worth approximately $156,000. The Manufacturers Life Insurance Company lifted its stake in USA Technologies by 17.8% in the second quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock worth $181,000 after acquiring an additional 5,263 shares during the last quarter. Finally, MetLife Investment Advisors LLC purchased a new position in USA Technologies in the fourth quarter worth approximately $233,000. 56.05% of the stock is owned by institutional investors and hedge funds.

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USA Technologies Company Profile

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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