Shares of USA Technologies Inc. (NASDAQ:USAT) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.84 and last traded at $4.82, with a volume of 198,055 shares traded. The stock had previously closed at $4.64.

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

The stock’s market cap is $177.06 million. The firm has a 50 day moving average price of $4.35 and a 200-day moving average price of $4.12.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company 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 EPS for the current fiscal year.

An institutional investor recently bought a new position in USA Technologies stock. Orinda Asset Management LLC purchased a new position in USA Technologies Inc. (NASDAQ:USAT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 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 approximately 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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