USA Technologies, Inc. (NASDAQ:USAT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday.
A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of USA Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. ValuEngine raised shares of USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th.
Shares of USA Technologies (NASDAQ:USAT) opened at 5.00 on Friday. The stock’s 50 day moving average is $5.28 and its 200-day moving average is $4.71. The firm’s market cap is $201.66 million. USA Technologies has a one year low of $3.55 and a one year high of $5.90.
USA Technologies (NASDAQ:USAT) last posted its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.00 earnings per share for the quarter. The company had revenue of $26.46 million for the quarter, compared to the consensus estimate of $24.34 million. USA Technologies had a negative net margin of 3.23% and a negative return on equity of 3.51%. Analysts anticipate that USA Technologies will post ($0.01) EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in USA Technologies by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,484,520 shares of the technology company’s stock worth $7,720,000 after buying an additional 44,378 shares in the last quarter. Northern Trust Corp increased its position in USA Technologies by 12.3% in the second quarter. Northern Trust Corp now owns 446,482 shares of the technology company’s stock worth $2,322,000 after buying an additional 48,836 shares in the last quarter. GSA Capital Partners LLP bought a new position in USA Technologies during the second quarter worth $377,000. New York State Common Retirement Fund increased its position in USA Technologies by 75.7% in the second quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock worth $154,000 after buying an additional 12,799 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in USA Technologies by 2.6% in the second quarter. TIAA CREF Investment Management LLC now owns 105,852 shares of the technology company’s stock worth $550,000 after buying an additional 2,692 shares in the last quarter. 36.59% of the stock is currently owned by institutional investors.
USA Technologies Company Profile
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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