ValuEngine cut shares of USA Technologies (OTCMKTS:USAT) from a hold rating to a sell rating in a research report sent to investors on Monday morning, ValuEngine reports.

A number of other equities analysts have also commented on USAT. William Blair initiated coverage on shares of USA Technologies in a research report on Tuesday, October 15th. They set a buy rating on the stock. Zacks Investment Research raised shares of USA Technologies from a sell rating to a hold rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $8.33.

Shares of OTCMKTS:USAT opened at $4.36 on Monday. The firm’s 50 day simple moving average is $7.26 and its 200-day simple moving average is $6.83. USA Technologies has a one year low of $3.29 and a one year high of $9.25. The company has a quick ratio of 0.73, a current ratio of 0.86 and a debt-to-equity ratio of 0.06.

USA Technologies (OTCMKTS:USAT) last issued its earnings results on Tuesday, November 12th. The technology company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.13). The company had revenue of $42.15 million for the quarter, compared to analysts’ expectations of $38.13 million. USA Technologies had a negative return on equity of 29.43% and a negative net margin of 25.33%. As a group, equities analysts expect that USA Technologies will post -0.04 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of USAT. Vanguard Group Inc. increased its holdings in USA Technologies by 12.0% during the second quarter. Vanguard Group Inc. now owns 3,165,123 shares of the technology company’s stock valued at $23,517,000 after buying an additional 339,514 shares during the period. BlackRock Inc. boosted its stake in USA Technologies by 5.7% in the second quarter. BlackRock Inc. now owns 4,015,931 shares of the technology company’s stock valued at $29,839,000 after acquiring an additional 215,179 shares in the last quarter. Barclays PLC boosted its stake in USA Technologies by 137.6% in the third quarter. Barclays PLC now owns 354,803 shares of the technology company’s stock valued at $2,601,000 after acquiring an additional 205,470 shares in the last quarter. P.A.W. Capital Corp boosted its stake in USA Technologies by 36.1% in the third quarter. P.A.W. Capital Corp now owns 490,000 shares of the technology company’s stock valued at $3,592,000 after acquiring an additional 130,000 shares in the last quarter. Finally, Selz Capital LLC acquired a new stake in USA Technologies in the fourth quarter valued at approximately $733,000. 26.79% of the stock is currently owned by institutional investors.

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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