Usio’s (USIO) Buy Rating Reaffirmed at HC Wainwright

Usio (NASDAQ:USIO)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $4.00 price target on the stock. HC Wainwright’s price objective would suggest a potential upside of 99.00% from the company’s previous close.

Usio Trading Down 12.2 %

Shares of NASDAQ:USIO opened at $2.01 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $54.53 million, a PE ratio of 22.33 and a beta of 1.75. Usio has a 1 year low of $1.24 and a 1 year high of $2.92. The firm has a fifty day moving average price of $1.74 and a 200 day moving average price of $1.56.

Institutional Investors Weigh In On Usio

Several institutional investors and hedge funds have recently added to or reduced their stakes in USIO. Creative Planning acquired a new position in Usio during the third quarter valued at approximately $58,000. Geode Capital Management LLC boosted its holdings in shares of Usio by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after buying an additional 9,731 shares during the period. Finally, Whittier Trust Co. acquired a new position in Usio in the 3rd quarter valued at $3,821,000. 20.23% of the stock is currently owned by institutional investors and hedge funds.

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.