ValuEngine downgraded shares of USA Technologies, Inc. (NASDAQ:USAT) from a hold rating to a sell rating in a research note released on Tuesday.

Separately, Zacks Investment Research lowered shares of USA Technologies from a hold rating to a sell rating in a research note on Wednesday, July 5th.

USA Technologies (NASDAQ:USAT) traded up 6.12% on Tuesday, hitting $5.20. The company’s stock had a trading volume of 121,664 shares. USA Technologies has a 1-year low of $3.55 and a 1-year high of $5.81. The company’s market capitalization is $209.72 million. The company has a 50 day moving average price of $5.03 and a 200-day moving average price of $4.53.

USA Technologies (NASDAQ:USAT) last issued its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.00 EPS for the quarter. USA Technologies had a negative net margin of 3.23% and a negative return on equity of 3.51%. The business had revenue of $26.46 million for the quarter, compared to analyst estimates of $24.34 million. On average, equities analysts forecast that USA Technologies will post ($0.01) earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the company. Citadel Advisors LLC boosted its stake 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 period. Geode Capital Management LLC boosted its stake in shares of USA Technologies by 5.3% in the first quarter. Geode Capital Management LLC now owns 274,159 shares of the technology company’s stock valued at $1,165,000 after buying an additional 13,887 shares during the period. Vanguard Group Inc. boosted its stake in shares of USA Technologies by 3.3% in the first quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after buying an additional 45,825 shares during the period. Blair William & Co. IL boosted its stake in shares of USA Technologies by 5.4% in the first quarter. Blair William & Co. IL now owns 76,549 shares of the technology company’s stock valued at $325,000 after buying an additional 3,946 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of USA Technologies by 15.2% in the first quarter. Bank of New York Mellon Corp now owns 122,125 shares of the technology company’s stock valued at $519,000 after buying an additional 16,143 shares during the period. Institutional investors and hedge funds own 44.37% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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