USA Technologies Inc. (NASDAQ:USAT)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $4.73 and last traded at $4.69, with a volume of 102,200 shares traded. The stock had previously closed at $4.60.

Separately, Zacks Investment Research upgraded USA Technologies from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th.

The company’s 50-day moving average price is $4.29 and its 200 day moving average price is $4.05. The company’s market capitalization is $173.75 million.

USA Technologies (NASDAQ:USAT) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $20.40 million for the quarter, compared to analyst estimates of $18.19 million. Analysts predict that USA Technologies Inc. will post $0.02 EPS for the current year.

An institutional investor recently bought a new position in USA Technologies stock. Orinda Asset Management LLC bought a new position in USA Technologies Inc. (NASDAQ:USAT) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 411,228 shares of the company’s stock, valued at approximately $1,267,000. USA Technologies accounts for 1.8% of Orinda Asset Management LLC’s holdings, making the stock its 16th largest position. Orinda Asset Management LLC owned 1.15% of USA Technologies as of its most recent filing with the SEC.

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale 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 market segments, such as amusement, commercial laundry, kiosk and others.

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