USA Technologies, Inc. (NASDAQ:USAT)’s share price was down 0.5% during mid-day trading on Friday . The company traded as low as $4.24 and last traded at $4.38. Approximately 25,345 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 781,697 shares. The stock had previously closed at $4.40.
A number of equities analysts have issued reports on USAT shares. BidaskClub raised USA Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a report on Friday, October 12th. Finally, ValuEngine cut USA Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.92.
The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.08. The firm has a market capitalization of $283.80 million, a PE ratio of 67.57 and a beta of 0.93.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of USA Technologies by 7.9% in the third quarter. BlackRock Inc. now owns 3,727,553 shares of the technology company’s stock valued at $26,839,000 after buying an additional 271,740 shares during the period. Vanguard Group Inc. increased its stake in shares of USA Technologies by 2.7% in the third quarter. Vanguard Group Inc. now owns 2,795,837 shares of the technology company’s stock valued at $20,130,000 after buying an additional 74,463 shares during the period. Morgan Stanley increased its stake in shares of USA Technologies by 168.2% in the third quarter. Morgan Stanley now owns 1,992,684 shares of the technology company’s stock valued at $14,348,000 after buying an additional 1,249,662 shares during the period. Waddell & Reed Financial Inc. acquired a new stake in shares of USA Technologies in the second quarter valued at about $20,600,000. Finally, Janus Henderson Group PLC increased its stake in shares of USA Technologies by 14.6% in the third quarter. Janus Henderson Group PLC now owns 1,395,616 shares of the technology company’s stock valued at $10,048,000 after buying an additional 178,220 shares during the period. 70.98% of the stock is owned by institutional investors.
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USA Technologies Company Profile (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 machine-to-machine (M2M) services.
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