Usio (NASDAQ:USIO) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

Usio Inc (NASDAQ:USIO)’s stock price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $2.73 and traded as low as $2.03. Usio shares last traded at $2.19, with a volume of 809,540 shares.

Analyst Ratings Changes

A number of research firms have recently commented on USIO. Weiss Ratings upgraded shares of Usio from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Ladenburg Thalmann & Co. Inc. lifted their target price on Usio from $6.25 to $6.75 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen upgraded Usio to a “hold” rating in a report on Saturday, July 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Usio presently has an average rating of “Moderate Buy” and an average target price of $5.38.

Usio Stock Down 24.7%

The firm has a fifty day simple moving average of $2.73 and a 200-day simple moving average of $1.95. The firm has a market cap of $62.41 million, a price-to-earnings ratio of -72.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.10.

Usio (NASDAQ:USIO) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. Usio had a negative net margin of 0.92% and a negative return on equity of 4.79%. The firm had revenue of $23.76 million during the quarter, compared to analysts’ expectations of $23.98 million. As a group, sell-side analysts expect that Usio Inc will post 0.01 EPS for the current year.

Institutional Trading of Usio

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Life Advisors acquired a new position in Usio in the 3rd quarter valued at about $63,000. Stonebridge Wealth Management LLC raised its holdings in Usio by 57.6% in the 3rd quarter. Stonebridge Wealth Management LLC now owns 279,067 shares of the company’s stock valued at $751,000 after acquiring an additional 101,983 shares during the period. Allworth Financial LP acquired a new stake in Usio during the second quarter worth approximately $102,000. BlackRock Inc. acquired a new stake in Usio during the second quarter worth approximately $277,000. Finally, FNY Investment Advisers LLC acquired a new stake in Usio during the second quarter worth approximately $49,000. Institutional investors own 20.23% of the company’s stock.

Usio Company Profile

Usio, Inc. (NASDAQ: USIO) is a financial technology company that provides electronic payment and money-movement services. Its platform supports payment acceptance and processing through methods such as credit cards, debit cards and automated clearing house (ACH) transactions. The company offers services for businesses, financial institutions, government organizations and other entities seeking to collect, disburse or manage payments. Its solutions include electronic bill payment, card processing, ACH payments and prepaid card programs, with an emphasis on integrated payment technology and related processing services.