According to Zacks, “USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT offers one solution to the retail community for payments processing, logistics, and back-office management solutions. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and their inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, car charging stations, laundromats, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively. “
Several other brokerages also recently commented on USAT. TheStreet downgraded shares of USA Technologies from a “c-” rating to a “d” rating in a report on Thursday, November 19th. Barrington Research restated a “buy” rating on shares of USA Technologies in a report on Thursday, September 24th. Finally, Northland Securities upgraded shares of USA Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 16th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. USA Technologies presently has a consensus rating of “Buy” and an average price target of $9.33.
Shares of NASDAQ:USAT opened at $10.08 on Tuesday. The company has a market capitalization of $657.79 million, a price-to-earnings ratio of -14.82 and a beta of 2.23. The firm’s 50 day simple moving average is $10.14 and its 200 day simple moving average is $8.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.08 and a quick ratio of 0.93. USA Technologies has a fifty-two week low of $3.80 and a fifty-two week high of $11.84.
USA Technologies (NASDAQ:USAT) last announced its earnings results on Thursday, November 5th. The technology company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.06). The company had revenue of $36.88 million for the quarter, compared to analyst estimates of $33.64 million. USA Technologies had a negative return on equity of 23.27% and a negative net margin of 25.92%. Equities research analysts expect that USA Technologies will post -0.13 earnings per share for the current year.
An institutional investor recently bought a new position in USA Technologies stock. Sheets Smith Wealth Management bought a new stake in USA Technologies, Inc. (NASDAQ:USAT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,281 shares of the technology company’s stock, valued at approximately $391,000. Sheets Smith Wealth Management owned approximately 0.06% of USA Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 24.01% of the company’s stock.
USA Technologies Company Profile
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 Internet of Things (IoT) services.
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