Usio (NASDAQ:USIO) Earns “Buy” Rating from Barrington Research

Barrington Research reiterated their buy rating on shares of Usio (NASDAQ:USIO) in a report issued on Friday, reports. They currently have a $5.00 target price on the stock.

A number of other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Usio from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of Usio from a sell rating to a hold rating in a research report on Saturday, October 19th.

USIO traded up $0.08 on Friday, reaching $2.08. The company had a trading volume of 200 shares, compared to its average volume of 13,960. Usio has a 1 year low of $1.38 and a 1 year high of $3.82. The company has a market cap of $33.26 million, a PE ratio of -6.71 and a beta of 1.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s 50-day simple moving average is $2.01.

Usio (NASDAQ:USIO) last announced its quarterly earnings results on Thursday, November 14th. The company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). Usio had a negative net margin of 16.38% and a negative return on equity of 46.12%. The firm had revenue of $7.09 million during the quarter, compared to analysts’ expectations of $7.96 million. On average, equities analysts expect that Usio will post -0.36 earnings per share for the current year.

A hedge fund recently bought a new stake in Usio stock. Essex Investment Management Co. LLC purchased a new stake in Usio (NASDAQ:USIO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 152,651 shares of the company’s stock, valued at approximately $307,000. Essex Investment Management Co. LLC owned about 0.89% of Usio at the end of the most recent reporting period. 3.73% of the stock is currently owned by hedge funds and other institutional investors.

About Usio

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 processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.

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