USA Technologies (NASDAQ:USAT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “USA Technologies is a leader in the networking of distributed assets, wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. USA Technologies is an IBM Business Partner. The Company has marketing agreements with Cingular Wireless, Honeywell, MEI, Unilever and ZiLOG Corporation. “

A number of other equities research analysts also recently weighed in on the company. BidaskClub downgraded USA Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Northland Securities set a $12.00 price objective on USA Technologies and gave the company a “buy” rating in a report on Monday, December 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

USA Technologies (NASDAQ:USAT) traded up $0.25 on Tuesday, hitting $9.15. The stock had a trading volume of 1,108,200 shares, compared to its average volume of 494,593. USA Technologies has a 52 week low of $3.80 and a 52 week high of $10.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.67 and a quick ratio of 2.38. The stock has a market cap of $477.25, a P/E ratio of -38.13 and a beta of 0.65.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. USA Technologies had a positive return on equity of 2.44% and a negative net margin of 10.39%. The company had revenue of $32.51 million during the quarter, compared to the consensus estimate of $31.38 million. equities analysts forecast that USA Technologies will post 0.07 earnings per share for the current year.

In other news, Director Albin F. Moschner sold 9,478 shares of the stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $9.61, for a total transaction of $91,083.58. Following the transaction, the director now owns 352,926 shares of the company’s stock, valued at approximately $3,391,618.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Albin F. Moschner sold 8,000 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $8.47, for a total value of $67,760.00. Following the transaction, the director now directly owns 416,926 shares in the company, valued at approximately $3,531,363.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,901 shares of company stock worth $1,080,337. 4.38% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Axiom International Investors LLC DE acquired a new position in shares of USA Technologies during the 3rd quarter valued at about $1,954,000. Ardsley Advisory Partners acquired a new position in shares of USA Technologies during the 2nd quarter valued at about $2,080,000. EAM Investors LLC acquired a new stake in USA Technologies in the 3rd quarter valued at approximately $3,096,000. Wells Fargo & Company MN grew its holdings in USA Technologies by 16.0% in the 2nd quarter. Wells Fargo & Company MN now owns 716,928 shares of the technology company’s stock valued at $3,728,000 after buying an additional 99,035 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in USA Technologies in the 3rd quarter valued at approximately $7,163,000. 52.71% of the stock is currently owned by institutional investors and hedge funds.

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About USA Technologies

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.

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