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.

Institutional investors have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC raised its stake in USA Technologies by 364.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,635,291 shares of the technology company’s stock valued at $22,894,000 after buying an additional 1,283,278 shares during the last quarter. Sei Investments Co. raised its stake in USA Technologies by 1,467.7% in the second quarter. Sei Investments Co. now owns 84,857 shares of the technology company’s stock valued at $1,188,000 after buying an additional 79,444 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in USA Technologies by 23.1% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 1,041,256 shares of the technology company’s stock valued at $14,578,000 after buying an additional 195,435 shares during the last quarter. Allianz Asset Management GmbH raised its stake in USA Technologies by 127.7% in the first quarter. Allianz Asset Management GmbH now owns 1,450,659 shares of the technology company’s stock valued at $13,056,000 after buying an additional 813,622 shares during the last quarter. Finally, Avalon Advisors LLC raised its stake in USA Technologies by 65.8% in the first quarter. Avalon Advisors LLC now owns 251,440 shares of the technology company’s stock valued at $2,263,000 after buying an additional 99,744 shares during the last quarter. Institutional investors own 72.06% of the company’s stock.

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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