USA Technologies Inc. (NASDAQ:USAT) shares saw unusually-strong trading volume on Thursday . Approximately 338,288 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 203,432 shares.The stock last traded at $5.08 and had previously closed at $5.07.

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

The firm’s 50 day moving average price is $4.50 and its 200 day moving average price is $4.19. The stock’s market capitalization is $185.87 million.

USA Technologies (NASDAQ:USAT) last issued its earnings results on Thursday, May 12th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by $0.02. The business earned $20.40 million during the quarter, compared to the consensus estimate of $18.19 million. Analysts predict that USA Technologies Inc. will post $0.02 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in USA Technologies stock. Orinda Asset Management LLC acquired a new position in shares of USA Technologies Inc. (NASDAQ:USAT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 holdings, making the stock its 16th largest position. Orinda Asset Management LLC owned about 1.15% of USA Technologies as of its most recent filing with the SEC.

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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