Usio (NASDAQ:USIO) Issues Quarterly Earnings Results

Usio (NASDAQ:USIO) posted its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.04), reports. The firm had revenue of $20.32 million for the quarter, compared to the consensus estimate of $22.99 million. Usio had a negative return on equity of 4.93% and a negative net margin of 0.91%.

Usio Price Performance

USIO opened at $1.64 on Friday. Usio has a fifty-two week low of $1.30 and a fifty-two week high of $2.28. The firm has a 50-day moving average of $1.56 and a 200 day moving average of $1.67. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $43.94 million, a P/E ratio of -41.00 and a beta of 1.60.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $4.00 price target on shares of Usio in a report on Friday.

Institutional Trading of Usio

Several hedge funds have recently added to or reduced their stakes in USIO. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Usio during the 1st quarter worth approximately $34,000. Perritt Capital Management Inc. increased its position in Usio by 3.7% in the fourth quarter. Perritt Capital Management Inc. now owns 280,000 shares of the company’s stock worth $482,000 after buying an additional 10,000 shares during the last quarter. Finally, Perkins Capital Management Inc. raised its stake in shares of Usio by 3.5% in the fourth quarter. Perkins Capital Management Inc. now owns 1,040,693 shares of the company’s stock valued at $1,790,000 after buying an additional 35,500 shares during the period. Institutional investors own 20.23% of the company’s stock.

Usio Company Profile

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check and Check Conversion for electronic payment facilitation.