USA Technologies (USAT) Trading Up 6.4%
USA Technologies, Inc. (NASDAQ:USAT) shares were up 6.4% during mid-day trading on Tuesday . The company traded as high as $9.55 and last traded at $9.15. Approximately 1,666,340 shares changed hands during trading, an increase of 421% from the average daily volume of 320,016 shares. The stock had previously closed at $8.60.
A number of research analysts have recently issued reports on USAT shares. Zacks Investment Research cut shares of USA Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 15th. Northland Securities reiterated a “buy” rating and set a $7.25 price objective on shares of USA Technologies in a report on Tuesday, September 5th. Finally, William Blair started coverage on shares of USA Technologies in a report on Thursday, August 24th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $8.25.
The stock has a market cap of $490.62, a price-to-earnings ratio of 457.50 and a beta of 1.03. The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01.
In related news, Director Albin F. Moschner sold 8,000 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $8.47, for a total transaction of $67,760.00. Following the transaction, the director now directly owns 416,926 shares in the company, valued at $3,531,363.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Albin F. Moschner sold 12,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $8.29, for a total transaction of $99,480.00. Following the transaction, the director now owns 392,926 shares in the company, valued at $3,257,356.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,000 shares of company stock worth $486,440. 4.38% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in USAT. RK Capital Management LLC purchased a new position in USA Technologies during the third quarter worth about $8,027,000. Russell Investments Group Ltd. purchased a new position in USA Technologies during the third quarter worth about $7,163,000. EAM Investors LLC purchased a new position in USA Technologies during the third quarter worth about $3,096,000. Ardsley Advisory Partners bought a new stake in USA Technologies in the second quarter worth about $2,080,000. Finally, HighTower Advisors LLC bought a new stake in USA Technologies in the second quarter worth about $1,668,000. Institutional investors and hedge funds own 51.17% of the company’s stock.
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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