USA Technologies, Inc. (NASDAQ:USAT) shares were up 5.1% during mid-day trading on Thursday . The stock traded as high as $15.35 and last traded at $15.35. Approximately 847,454 shares traded hands during mid-day trading, an increase of 42% from the average daily volume of 597,446 shares. The stock had previously closed at $14.60.
Several research analysts recently issued reports on USAT shares. BidaskClub lowered shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 23rd. Lake Street Capital reiterated a “buy” rating and issued a $17.00 target price on shares of USA Technologies in a research report on Wednesday, June 13th. Finally, Zacks Investment Research upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.67.
The stock has a market capitalization of $921.01 million, a PE ratio of -795.00 and a beta of 0.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its position in USA Technologies by 10.8% in the second quarter. BlackRock Inc. now owns 3,455,813 shares of the technology company’s stock worth $48,382,000 after acquiring an additional 337,016 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its position in USA Technologies by 364.6% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,635,291 shares of the technology company’s stock worth $22,894,000 after acquiring an additional 1,283,278 shares in the last quarter. Waddell & Reed Financial Inc. purchased a new position in USA Technologies in the second quarter worth $20,600,000. Allianz Asset Management GmbH grew its position in USA Technologies by 127.7% in the first quarter. Allianz Asset Management GmbH now owns 1,450,659 shares of the technology company’s stock worth $13,056,000 after acquiring an additional 813,622 shares in the last quarter. Finally, Emerald Advisers Inc. PA grew its position in USA Technologies by 22.1% in the second quarter. Emerald Advisers Inc. PA now owns 1,341,511 shares of the technology company’s stock worth $18,781,000 after acquiring an additional 242,780 shares in the last quarter. Institutional investors own 71.97% of the company’s stock.
About USA Technologies (NASDAQ:USAT)
USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.
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