Usio (NASDAQ:USIO) Trading 6% Higher

Shares of Usio, Inc. (NASDAQ:USIO – Get Rating) traded up 6% during mid-day trading on Tuesday . The stock traded as high as $2.86 and last traded at $2.84. 23,562 shares were traded during mid-day trading, a decline of 69% from the average session volume of 74,958 shares. The stock had previously closed at $2.68.

Several equities analysts have recently issued reports on the stock. TheStreet lowered shares of Usio from a “c-” rating to a “d+” rating in a report on Friday, May 27th. Maxim Group reaffirmed a “buy” rating and issued a $8.00 target price on shares of Usio in a research note on Friday, May 13th.

The stock has a market capitalization of $58.23 million, a price-to-earnings ratio of -37.99 and a beta of 1.73. The stock’s 50 day moving average is $2.56 and its two-hundred day moving average is $3.40.

Usio (NASDAQ:USIO – Get Rating) last announced its earnings results on Wednesday, May 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Usio had a negative return on equity of 6.97% and a negative net margin of 1.84%. The company had revenue of $18.11 million during the quarter, compared to analyst estimates of $15.35 million. As a group, equities analysts expect that Usio, Inc. will post -0.02 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC raised its holdings in shares of Usio by 2.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 218,111 shares of the company’s stock valued at $781,000 after purchasing an additional 5,293 shares during the period. State Street Corp raised its holdings in shares of Usio by 10.4% in the 1st quarter. State Street Corp now owns 58,389 shares of the company’s stock valued at $209,000 after purchasing an additional 5,489 shares during the period. Accurate Wealth Management LLC bought a new stake in shares of Usio in the 1st quarter valued at about $42,000. Toroso Investments LLC bought a new stake in shares of Usio in the 1st quarter valued at about $50,000. Finally, BlackRock Inc. raised its holdings in Usio by 27.9% in the 3rd quarter. BlackRock Inc. now owns 67,568 shares of the company’s stock valued at $401,000 after acquiring an additional 14,720 shares during the period. 19.69% of the stock is currently owned by institutional investors.

About Usio (NASDAQ: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, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.

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