USA Technologies Inc. (USAT) Announces Earnings Results
USA Technologies Inc. (NASDAQ:USAT) announced its quarterly earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $21.60 million for the quarter, compared to analyst estimates of $21.31 million. USA Technologies had a negative net margin of 8.79% and a negative return on equity of 1.46%.
USA Technologies (NASDAQ:USAT) opened at 4.25 on Friday. The stock’s 50 day moving average is $5.06 and its 200-day moving average is $4.70. USA Technologies has a 52-week low of $2.69 and a 52-week high of $5.81. The firm’s market capitalization is $163.00 million.
Separately, Zacks Investment Research raised shares of USA Technologies from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 14th.
Several institutional investors have recently modified their holdings of the stock. Cadence Capital Management LLC acquired a new position in shares of USA Technologies during the second quarter worth $299,000. California State Teachers Retirement System acquired a new position in shares of USA Technologies during the second quarter worth $321,000. Emerald Acquisition Ltd. acquired a new position in shares of USA Technologies during the second quarter worth $1,764,000. Orinda Asset Management LLC acquired a new position in shares of USA Technologies during the second quarter worth $1,278,000. Finally, Eaton Vance Management acquired a new position in shares of USA Technologies during the second quarter worth $119,000. Institutional investors own 42.86% 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 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 market segments, such as amusement, commercial laundry, kiosk and others.
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