USA Technologies, Inc. (NASDAQ:USAT) has been given an average rating of “Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $12.92.

A number of equities research analysts recently issued reports on USAT shares. Zacks Investment Research raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. BidaskClub cut shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Finally, ValuEngine cut shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 28th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can boosted its stake in USA Technologies by 1,265.7% during the 3rd quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock worth $181,000 after purchasing an additional 23,326 shares during the last quarter. Northern Trust Corp boosted its stake in USA Technologies by 9.3% during the 2nd quarter. Northern Trust Corp now owns 611,829 shares of the technology company’s stock worth $8,565,000 after purchasing an additional 52,217 shares during the last quarter. Castleark Management LLC boosted its stake in USA Technologies by 9.7% during the 2nd quarter. Castleark Management LLC now owns 811,120 shares of the technology company’s stock worth $11,356,000 after purchasing an additional 71,956 shares during the last quarter. Millennium Management LLC acquired a new stake in USA Technologies during the 2nd quarter worth $2,369,000. Finally, Waddell & Reed Financial Inc. acquired a new stake in USA Technologies during the 2nd quarter worth $20,600,000. 72.06% of the stock is currently owned by institutional investors.

USA Technologies stock traded up $0.32 during trading on Tuesday, reaching $6.53. The company had a trading volume of 1,357,000 shares, compared to its average volume of 741,451. USA Technologies has a 1-year low of $5.85 and a 1-year high of $16.83. The stock has a market capitalization of $432.01 million, a P/E ratio of -323.00 and a beta of 0.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34.

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.

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