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

Separately, Zacks Investment Research downgraded shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 23rd.

The firm’s market capitalization is $172.28 million. The stock’s 50 day moving average price is $4.30 and its 200-day moving average price is $4.06.

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

A hedge fund recently raised its stake in USA Technologies stock. Morgan Stanley raised its position in shares of USA Technologies Inc. (NASDAQ:USAT) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 1.30% of USA Technologies worth $1,441,000 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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