ValuEngine upgraded shares of USA Technologies (NASDAQ:USAT) from a sell rating to a hold rating in a research report released on Wednesday.

A number of other research analysts also recently commented on USAT. Zacks Investment Research downgraded shares of USA Technologies from a buy rating to a hold rating in a research note on Thursday, November 8th. BidaskClub downgraded shares of USA Technologies from a hold rating to a sell rating in a research note on Tuesday, November 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $12.92.

NASDAQ USAT traded up $0.17 during trading hours on Wednesday, reaching $5.12. 1,366,554 shares of the company traded hands, compared to its average volume of 862,820. USA Technologies has a 12 month low of $4.64 and a 12 month high of $16.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.08. The company has a market capitalization of $297.01 million, a price-to-earnings ratio of 70.71 and a beta of 0.93.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of USA Technologies by 7.9% during the third quarter. BlackRock Inc. now owns 3,727,553 shares of the technology company’s stock worth $26,839,000 after purchasing an additional 271,740 shares during the period. Morgan Stanley raised its holdings in shares of USA Technologies by 168.2% during the third quarter. Morgan Stanley now owns 1,992,684 shares of the technology company’s stock worth $14,348,000 after purchasing an additional 1,249,662 shares during the period. Gilder Gagnon Howe & Co. LLC raised its holdings in shares of USA Technologies by 364.6% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,635,291 shares of the technology company’s stock worth $22,894,000 after purchasing an additional 1,283,278 shares during the period. Waddell & Reed Financial Inc. acquired a new stake in shares of USA Technologies during the second quarter worth $20,600,000. Finally, Janus Henderson Group PLC raised its holdings in shares of USA Technologies by 14.6% during the third quarter. Janus Henderson Group PLC now owns 1,395,616 shares of the technology company’s stock worth $10,048,000 after purchasing an additional 178,220 shares during the period. Hedge funds and other institutional investors own 71.15% of the company’s stock.

USA Technologies Company Profile

USA Technologies, Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally. It designs and markets systems and solutions that facilitate electronic payment options, as well as telemetry and machine-to-machine (M2M) services.

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