USA Technologies Inc. (NASDAQ:USAT) saw unusually-strong trading volume on Thursday . Approximately 338,288 shares were traded during 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 cut shares of USA Technologies from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 5th.

The stock has a 50 day moving average of $4.53 and a 200 day moving average of $4.20. The company’s market cap is $188.81 million.

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

A hedge fund recently raised its stake in USA Technologies stock. Morgan Stanley boosted 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 Securities and Exchange Commission (SEC). The fund owned 467,902 shares of the company’s stock after buying an additional 40,311 shares during the period. Morgan Stanley owned about 1.30% of USA Technologies worth $1,441,000 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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