USA Technologies (USAT) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of USA Technologies (NASDAQ:USAT) from a hold rating to a sell rating in a report issued on Tuesday, April 10th.

Several other equities research analysts also recently issued reports on the company. Barrington Research reiterated a buy rating on shares of USA Technologies in a report on Tuesday, April 3rd. Lake Street Capital began coverage on USA Technologies in a research note on Tuesday, April 3rd. They issued a buy rating and a $11.00 price objective for the company. Northland Securities restated a buy rating and issued a $14.00 price objective on shares of USA Technologies in a research note on Thursday, March 15th. Finally, Zacks Investment Research downgraded USA Technologies from a buy rating to a hold rating in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $11.67.

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USA Technologies stock traded up $0.22 during trading on Tuesday, hitting $8.97. 172,381 shares of the company were exchanged, compared to its average volume of 477,741. USA Technologies has a 52 week low of $4.25 and a 52 week high of $10.10. The company has a market capitalization of $466.70, a P/E ratio of -446.00 and a beta of 0.59. The company has a current ratio of 1.36, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31.



USA Technologies (NASDAQ:USAT) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. USA Technologies had a positive return on equity of 2.18% and a negative net margin of 10.39%. The business had revenue of $32.51 million during the quarter, compared to the consensus estimate of $31.38 million. analysts predict that USA Technologies will post 0.06 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in USA Technologies in the 4th quarter valued at $233,000. Castleark Management LLC bought a new position in USA Technologies in the 4th quarter valued at $6,715,000. Cornerstone Capital Management Holdings LLC. bought a new position in USA Technologies in the 4th quarter valued at $1,918,000. TIAA CREF Investment Management LLC grew its stake in USA Technologies by 8.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 110,151 shares of the technology company’s stock valued at $1,074,000 after purchasing an additional 8,304 shares during the period. Finally, Teachers Advisors LLC lifted its position in shares of USA Technologies by 27.5% during the 4th quarter. Teachers Advisors LLC now owns 85,158 shares of the technology company’s stock valued at $830,000 after buying an additional 18,345 shares during the last quarter. Hedge funds and other institutional investors own 56.06% of the company’s stock.

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USA Technologies Company Profile

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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