Investors Buy High Volume of Call Options on USA Technologies (USAT)
USA Technologies, Inc. (NASDAQ:USAT) saw some unusual options trading on Wednesday. Stock investors acquired 9,291 call options on the company. This is an increase of approximately 1,711% compared to the typical daily volume of 513 call options.
USA Technologies stock opened at $10.90 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.08. USA Technologies has a one year low of $5.13 and a one year high of $16.83. The stock has a market capitalization of $552.01 million, a price-to-earnings ratio of -545.00 and a beta of 0.59.
A number of equities research analysts have commented on the company. BidaskClub cut USA Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 23rd. Lake Street Capital reiterated a “buy” rating and issued a $17.00 price target on shares of USA Technologies in a research note on Wednesday, June 13th. Finally, Zacks Investment Research upgraded USA Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.67.
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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