USA Technologies, Inc. (USAT) Receives $15.50 Average PT from Analysts

Shares of USA Technologies, Inc. (NASDAQ:USAT) have been given a consensus rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $15.50.

A number of analysts have commented on the company. BidaskClub lowered USA Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, November 13th. ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 27th. Finally, Zacks Investment Research raised USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 price objective for the company in a report on Friday, October 12th.

Institutional investors and hedge funds have recently modified their holdings of the stock. BlueMountain Capital Management LLC bought a new stake in shares of USA Technologies in the second quarter worth $147,000. Greenwood Capital Associates LLC bought a new stake in shares of USA Technologies in the third quarter worth $110,000. IFG Advisory LLC bought a new stake in shares of USA Technologies in the third quarter worth $143,000. Bank of Montreal Can grew its holdings in shares of USA Technologies by 1,265.7% in the third quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock worth $181,000 after acquiring an additional 23,326 shares during the period. Finally, USA Financial Portformulas Corp bought a new stake in shares of USA Technologies in the third quarter worth $375,000. 70.98% of the stock is owned by institutional investors.

Shares of USA Technologies stock traded down $0.18 on Wednesday, reaching $4.79. The company’s stock had a trading volume of 940,700 shares, compared to its average volume of 764,148. The firm has a market cap of $298.20 million, a price-to-earnings ratio of 71.00 and a beta of 0.94. USA Technologies has a 52 week low of $4.64 and a 52 week high of $16.83. The company has a current ratio of 1.34, a quick ratio of 1.08 and a debt-to-equity ratio of 0.29.

About USA Technologies

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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