USA Technologies (USAT) Trading Up 6.6%

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USA Technologies, Inc. (NASDAQ:USAT) shares were up 6.6% during trading on Friday . The company traded as high as $5.56 and last traded at $5.49. Approximately 1,237,883 shares were traded during trading, a decline of 6% from the average daily volume of 1,319,670 shares. The stock had previously closed at $5.15.

A number of research analysts have commented on USAT shares. Zacks Investment Research upgraded shares of USA Technologies from a “hold” rating to a “buy” rating and set a $4.25 price target for the company in a research note on Tuesday, January 1st. Craig Hallum cut their price target on shares of USA Technologies from $16.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, January 15th. ValuEngine cut shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 28th. Lake Street Capital restated a “buy” rating on shares of USA Technologies in a research note on Tuesday, January 15th. Finally, BidaskClub upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $11.56.

The company has a market cap of $316.20 million, a PE ratio of 75.29 and a beta of 1.20.

Several large investors have recently bought and sold shares of USAT. Sheets Smith Wealth Management raised its stake in shares of USA Technologies by 88.0% in the fourth quarter. Sheets Smith Wealth Management now owns 20,825 shares of the technology company’s stock valued at $81,000 after acquiring an additional 9,750 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in shares of USA Technologies in the third quarter valued at approximately $110,000. IFG Advisory LLC bought a new position in shares of USA Technologies in the third quarter valued at approximately $143,000. Bank of Montreal Can raised its stake in shares of USA Technologies by 1,265.7% in the third quarter. Bank of Montreal Can now owns 25,169 shares of the technology company’s stock valued at $181,000 after acquiring an additional 23,326 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of USA Technologies by 152.6% in the third quarter. Credit Suisse AG now owns 34,800 shares of the technology company’s stock valued at $251,000 after acquiring an additional 21,022 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

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USA Technologies Company Profile (NASDAQ:USAT)

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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