USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 8,000 shares of USA Technologies stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $8.47, for a total transaction of $67,760.00. Following the transaction, the director now directly owns 416,926 shares in the company, valued at approximately $3,531,363.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of USA Technologies, Inc. (NASDAQ USAT) remained flat at $$8.45 during trading on Wednesday. 503,275 shares of the company’s stock traded hands, compared to its average volume of 311,381. The company has a current ratio of 2.67, a quick ratio of 2.38 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $442.36, a PE ratio of 412.50 and a beta of 1.03. USA Technologies, Inc. has a twelve month low of $3.80 and a twelve month high of $8.95.
USA Technologies (NASDAQ:USAT) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The firm had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. sell-side analysts expect that USA Technologies, Inc. will post 0.07 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in USA Technologies in the 2nd quarter worth about $1,668,000. Ardsley Advisory Partners purchased a new stake in shares of USA Technologies in the second quarter valued at approximately $2,080,000. Vanguard Group Inc. grew its position in shares of USA Technologies by 3.3% in the first quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after purchasing an additional 45,825 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in USA Technologies by 16.0% in the second quarter. Wells Fargo & Company MN now owns 716,928 shares of the technology company’s stock valued at $3,728,000 after acquiring an additional 99,035 shares during the last quarter. Finally, Trellus Management Company LLC acquired a new position in USA Technologies in the third quarter valued at approximately $478,000. 51.17% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on USAT shares. Zacks Investment Research lowered shares of USA Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub cut shares of USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. William Blair assumed coverage on shares of USA Technologies in a research report on Thursday, August 24th. They set an “outperform” rating for the company. Finally, Northland Securities reaffirmed a “buy” rating and set a $7.25 price objective on shares of USA Technologies in a research report on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.25.
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About USA Technologies
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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