Usio, Inc. (NASDAQ:USIO – Get Free Report) rose 1% during trading on Wednesday . The stock traded as high as $1.52 and last traded at $1.50. Approximately 27,033 shares were traded during mid-day trading, a decline of 21% from the average daily volume of 34,136 shares. The stock had previously closed at $1.48.
Wall Street Analyst Weigh In
Separately, HC Wainwright lifted their target price on shares of Usio from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Monday, April 1st.
Get Our Latest Stock Analysis on USIO
Usio Trading Down 2.0 %
Institutional Trading of Usio
Large investors have recently added to or reduced their stakes in the stock. Perkins Capital Management Inc. raised its position in Usio by 255.3% in the 3rd quarter. Perkins Capital Management Inc. now owns 1,005,193 shares of the company’s stock worth $1,759,000 after buying an additional 722,305 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV purchased a new position in Usio in the 1st quarter worth about $34,000. Finally, Perritt Capital Management Inc. raised its position in Usio by 3.7% in the 4th quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock worth $482,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.
About Usio
Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.
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