USA Technologies Inc. (NASDAQ:USAT) saw unusually-strong trading volume on Wednesday . Approximately 431,344 shares were traded during trading, an increase of 4% from the previous session’s volume of 413,957 shares.The stock last traded at $4.49 and had previously closed at $4.43.

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

The company’s market capitalization is $164.94 million. The company has a 50 day moving average of $4.26 and a 200 day moving average of $3.95.

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

A hedge fund recently raised its stake in USA Technologies stock. Morgan Stanley raised its stake in USA Technologies Inc. (NASDAQ:USAT) by 9.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 467,902 shares of the company’s stock after buying an additional 40,311 shares during the period. Morgan Stanley owned approximately 1.30% of USA Technologies worth $1,441,000 at the end of the most recent reporting period.

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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