USA Technologies Inc. (USAT) Sets New 1-Year High at $5.30
Shares of USA Technologies Inc. (NASDAQ:USAT) hit a new 52-week high during trading on Monday . The stock traded as high as $5.30 and last traded at $5.21, with a volume of 118,620 shares. The stock had previously closed at $5.14.
Separately, Zacks Investment Research lowered shares of USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, April 23rd.
The company has a 50 day moving average of $4.60 and a 200 day moving average of $4.25. The company’s market capitalization is $187.71 million.
A hedge fund recently bought a new stake in USA Technologies stock. Orinda Asset Management LLC bought a new position in USA Technologies Inc. (NASDAQ:USAT) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 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 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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