USA Technologies, Inc. (NASDAQ:USAT) Director Albin F. Moschner sold 20,000 shares of USA Technologies stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $8.25, for a total value of $165,000.00. Following the sale, the director now directly owns 422,926 shares in the company, valued at $3,489,139.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of USA Technologies, Inc. (NASDAQ:USAT) opened at $8.45 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.38 and a current ratio of 2.67. USA Technologies, Inc. has a one year low of $3.80 and a one year high of $8.95. The stock has a market capitalization of $453.09, a price-to-earnings ratio of 422.50 and a beta of 1.03.
USA Technologies (NASDAQ:USAT) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. The business had revenue of $25.62 million for the quarter, compared to analyst estimates of $25.87 million. research analysts anticipate that USA Technologies, Inc. will post 0.07 earnings per share for the current year.
A number of equities research analysts have commented on USAT shares. Zacks Investment Research cut USA Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. William Blair assumed coverage on USA Technologies in a research report on Thursday, August 24th. They issued an “outperform” rating on the stock. Finally, Northland Securities reissued a “buy” rating and issued a $7.25 price objective on shares of USA Technologies in a research report on Tuesday, September 5th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. USA Technologies has a consensus rating of “Hold” and an average target price of $8.25.
Hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. purchased a new stake in USA Technologies during the 3rd quarter valued at about $121,000. Alliancebernstein L.P. bought a new position in USA Technologies during the 2nd quarter valued at approximately $130,000. New York State Common Retirement Fund raised its position in USA Technologies by 75.7% during the 2nd quarter. New York State Common Retirement Fund now owns 29,700 shares of the technology company’s stock valued at $154,000 after purchasing an additional 12,799 shares during the last quarter. Archon Capital Management LLC bought a new position in USA Technologies during the 3rd quarter valued at approximately $188,000. Finally, The Manufacturers Life Insurance Company raised its position in USA Technologies by 17.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,782 shares of the technology company’s stock valued at $181,000 after purchasing an additional 5,263 shares during the last quarter. Institutional investors own 51.17% of the company’s stock.
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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