USA Technologies Inc. (NASDAQ:USAT) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.97 and last traded at $4.95, with a volume of 221,526 shares. The stock had previously closed at $4.84.

Separately, Zacks Investment Research raised shares of USA Technologies from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a research note on Tuesday, April 26th.

The firm’s market cap is $181.83 million. The firm’s 50-day moving average price is $4.44 and its 200-day moving average price is $4.18.

USA Technologies (NASDAQ:USAT) last announced its quarterly earnings data on Thursday, May 12th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $20.40 million for the quarter, compared to analysts’ expectations of $18.19 million. On average, equities research analysts anticipate that USA Technologies Inc. will post $0.02 EPS for the current fiscal year.

An institutional investor recently bought a new position in USA Technologies stock. Orinda Asset Management LLC acquired a new position in USA Technologies Inc. (NASDAQ:USAT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 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 portfolio, making the stock its 16th largest position. Orinda Asset Management LLC owned 1.15% of USA Technologies at the end of the most recent quarter.

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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