USA Technologies, Inc. (NASDAQ:USAT) shot up 8.4% during trading on Monday . The stock traded as high as $8.54 and last traded at $8.40. 562,333 shares traded hands during mid-day trading, an increase of 9% from the average session volume of 513,714 shares. The stock had previously closed at $7.75.
Several research firms have commented on USAT. BidaskClub lowered shares of USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research raised shares of USA Technologies from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Saturday, February 10th. Finally, Northland Securities set a $12.00 price target on shares of USA Technologies and gave the company a “buy” rating in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $11.00.
The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.36. The stock has a market cap of $455.80, a price-to-earnings ratio of -70.83 and a beta of 0.65.
In other USA Technologies news, Director Albin F. Moschner sold 12,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $8.29, for a total value of $99,480.00. Following the completion of the transaction, the director now owns 392,926 shares in the company, valued at $3,257,356.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $9.45, for a total transaction of $189,000.00. Following the completion of the transaction, the director now owns 352,926 shares of the company’s stock, valued at approximately $3,335,150.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,901 shares of company stock valued at $796,817. Insiders own 4.38% of the company’s stock.
Several institutional investors have recently modified their holdings of USAT. RK Capital Management LLC acquired a new position in shares of USA Technologies in the third quarter worth about $8,027,000. Russell Investments Group Ltd. acquired a new position in shares of USA Technologies in the third quarter worth about $7,163,000. UBS Asset Management Americas Inc. acquired a new position in shares of USA Technologies in the fourth quarter worth about $11,007,000. Castleark Management LLC acquired a new position in shares of USA Technologies in the fourth quarter worth about $6,715,000. Finally, Emerald Advisers Inc. PA raised its position in shares of USA Technologies by 1,408.0% in the fourth quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock worth $5,578,000 after acquiring an additional 534,191 shares during the period. Institutional investors and hedge funds own 57.50% of the company’s stock.
About USA Technologies
USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.
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