USA Technologies (USAT) Trading 6.4% Higher
USA Technologies, Inc. (NASDAQ:USAT) traded up 6.4% during trading on Tuesday . The stock traded as high as $9.55 and last traded at $9.15. 1,666,340 shares changed hands during trading, an increase of 421% from the average session volume of 320,016 shares. The stock had previously closed at $8.60.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Northland Securities reissued a “buy” rating and set a $7.25 price target on shares of USA Technologies in a research report on Tuesday, September 5th. Finally, William Blair assumed coverage on shares of USA Technologies in a research report on Thursday, August 24th. They set an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $8.25.
The firm has a market cap of $458.45, a P/E ratio of 427.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 2.38.
In related news, Director Albin F. Moschner sold 8,000 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $8.47, for a total value of $67,760.00. Following the transaction, the director now owns 416,926 shares in the company, valued at approximately $3,531,363.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Albin F. Moschner sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $8.46, for a total transaction of $50,760.00. Following the completion of the transaction, the director now owns 416,926 shares in the company, valued at approximately $3,527,193.96. The disclosure for this sale can be found here. Insiders have sold a total of 58,000 shares of company stock worth $486,440 over the last 90 days. 4.38% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in USAT. Vanguard Group Inc. grew its stake in USA Technologies by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after buying an additional 45,825 shares during the last quarter. Geode Capital Management LLC grew its stake in USA Technologies by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 274,159 shares of the technology company’s stock valued at $1,165,000 after buying an additional 13,887 shares during the last quarter. Monarch Partners Asset Management LLC grew its stake in USA Technologies by 13.8% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 114,430 shares of the technology company’s stock valued at $595,000 after buying an additional 13,840 shares during the last quarter. Rhumbline Advisers grew its position in shares of USA Technologies by 25.2% during the 2nd quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock worth $205,000 after purchasing an additional 7,935 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of USA Technologies by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock worth $643,000 after purchasing an additional 1,540 shares in the last quarter. Institutional investors and hedge funds own 51.17% 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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