Shares of Usio, Inc. (NASDAQ:USIO – Get Free Report) shot up 1% during trading on Wednesday . The stock traded as high as $1.52 and last traded at $1.50. 27,033 shares were traded during mid-day trading, a decline of 21% from the average session volume of 34,136 shares. The stock had previously closed at $1.48.
Analyst Ratings Changes
Separately, HC Wainwright raised their target price on shares of Usio from $3.50 to $4.00 and gave the company a “buy” rating in a report on Monday, April 1st.
Check Out Our Latest Stock Analysis on Usio
Usio Trading Down 2.0 %
Institutional Investors Weigh In On Usio
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Perritt Capital Management Inc. grew its holdings in shares of Usio by 3.7% during the 4th quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock valued at $482,000 after purchasing an additional 10,000 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Usio during the 1st quarter valued at approximately $34,000. Finally, Perkins Capital Management Inc. grew its holdings in shares of Usio by 3.5% during the 4th quarter. Perkins Capital Management Inc. now owns 1,040,693 shares of the company’s stock valued at $1,790,000 after purchasing an additional 35,500 shares during the last quarter. 20.23% of the stock is owned by institutional investors.
Usio Company Profile
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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