Shares of USA Technologies Inc. (NASDAQ:USAT) rose 3.8% on Wednesday . The company traded as high as $5.15 and last traded at $5.14, with a volume of 717,927 shares traded. The stock had previously closed at $4.95.

Separately, Zacks Investment Research downgraded shares of USA Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 5th.

The company’s market capitalization is $187.16 million. The stock has a 50-day moving average price of $4.50 and a 200-day moving average price of $4.19.

USA Technologies (NASDAQ:USAT) last posted its quarterly earnings data on Thursday, May 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.02. The company had revenue of $20.40 million for the quarter, compared to analyst estimates of $18.19 million. On average, equities analysts anticipate 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 acquired a new position in USA Technologies Inc. (NASDAQ:USAT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 411,228 shares of the company’s stock, valued at approximately $1,267,000. USA Technologies comprises approximately 1.8% of Orinda Asset Management LLC’s investment 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 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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