USA Technologies Inc. (NASDAQ:USAT)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $5.30 and last traded at $5.21, with a volume of 118,620 shares changing hands. The stock had previously closed at $5.14.

Separately, Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Tuesday, April 26th.

The company’s market cap is $191.38 million. The stock has a 50-day moving average of $4.53 and a 200-day moving average of $4.20.

USA Technologies (NASDAQ:USAT) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.02. The business earned $20.40 million during the quarter, compared to analyst estimates of $18.19 million. Equities research analysts predict that USA Technologies Inc. will post $0.02 earnings per share for the current year.

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

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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