BidaskClub lowered shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a report issued on Tuesday.
Several other research firms also recently weighed in on USAT. Northland Securities reissued a buy rating and issued a $14.00 price target on shares of USA Technologies in a research note on Thursday, March 15th. Zacks Investment Research raised shares of USA Technologies from a hold rating to a strong-buy rating and set a $11.00 price target for the company in a research note on Friday, January 12th. Finally, Barrington Research reissued a buy rating on shares of USA Technologies in a research note on Friday, March 23rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $11.67.
USA Technologies stock opened at $8.55 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. The firm has a market capitalization of $466.70, a price-to-earnings ratio of 290.00 and a beta of 0.59. USA Technologies has a twelve month low of $3.95 and a twelve month high of $10.10.
Several large investors have recently modified their holdings of USAT. Russell Investments Group Ltd. bought a new position in shares of USA Technologies during the third quarter valued at about $7,163,000. UBS Asset Management Americas Inc. bought a new position in shares of USA Technologies during the fourth quarter valued at about $11,007,000. Castleark Management LLC bought a new position in shares of USA Technologies during the fourth quarter valued at about $6,715,000. Emerald Advisers Inc. PA raised its stake in shares of USA Technologies by 1,408.0% during the fourth quarter. Emerald Advisers Inc. PA now owns 572,131 shares of the technology company’s stock valued at $5,578,000 after acquiring an additional 534,191 shares during the last quarter. Finally, Next Century Growth Investors LLC raised its stake in shares of USA Technologies by 51.7% during the fourth quarter. Next Century Growth Investors LLC now owns 1,552,604 shares of the technology company’s stock valued at $15,137,000 after acquiring an additional 529,142 shares during the last quarter. 56.05% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION WARNING: “BidaskClub Downgrades USA Technologies (USAT) to Hold” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/3335017/bidaskclub-downgrades-usa-technologies-usat-to-hold.html.
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.
Receive News & Ratings for USA Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Technologies and related companies with MarketBeat.com's FREE daily email newsletter.