William Blair began coverage on shares of USA Technologies, Inc. (NASDAQ:USAT) in a research report report published on Thursday morning. The firm issued an outperform rating on the technology company’s stock.
Several other equities research analysts have also commented on USAT. BidaskClub lowered shares of USA Technologies from a buy rating to a hold rating in a research note on Saturday, August 12th. Zacks Investment Research lowered shares of USA Technologies from a hold rating to a strong sell rating in a research note on Thursday. Finally, ValuEngine upgraded shares of USA Technologies from a sell rating to a hold rating in a research note on Thursday, July 27th.
Shares of USA Technologies (USAT) traded up 6.818% during mid-day trading on Thursday, reaching $5.875. The company’s stock had a trading volume of 533,602 shares. USA Technologies has a one year low of $3.55 and a one year high of $5.90. The firm’s market cap is $236.94 million. The firm’s 50 day moving average is $5.27 and its 200 day moving average is $4.78.
USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.01 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.01. USA Technologies had a negative net margin of 1.78% and a negative return on equity of 0.81%. The firm had revenue of $34.29 million for the quarter, compared to analyst estimates of $33.29 million. On average, equities analysts anticipate that USA Technologies will post $0.07 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC acquired a new position in shares of USA Technologies during the second quarter valued at about $285,000. Bank of New York Mellon Corp increased its position in shares of USA Technologies by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 123,665 shares of the technology company’s stock valued at $643,000 after buying an additional 1,540 shares during the last quarter. Rhumbline Advisers increased its position in shares of USA Technologies by 25.2% in the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock valued at $205,000 after buying an additional 7,935 shares during the last quarter. Monarch Partners Asset Management LLC increased its position in shares of USA Technologies by 13.8% in the second 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. Finally, Citadel Advisors LLC increased its position in shares of USA Technologies by 26.4% in the first quarter. Citadel Advisors LLC now owns 47,464 shares of the technology company’s stock valued at $202,000 after buying an additional 9,912 shares during the last quarter. 36.22% of the stock is currently owned by institutional investors.
USA Technologies Company Profile
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.
Receive News & Ratings for USA Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USA Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
