USA Technologies (USAT) Sets New 12-Month Low at $5.32

Shares of USA Technologies, Inc. (NASDAQ:USAT) reached a new 52-week low on Friday . The stock traded as low as $5.32 and last traded at $5.47, with a volume of 27313 shares changing hands. The stock had previously closed at $5.75.

USAT has been the topic of several research reports. BidaskClub upgraded shares of USA Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 17th. Zacks Investment Research upgraded shares of USA Technologies from a “sell” rating to a “hold” rating in a research report on Friday, July 27th. Finally, ValuEngine cut shares of USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $12.92.

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.08 and a current ratio of 1.34. The stock has a market cap of $329.41 million, a price-to-earnings ratio of 78.43 and a beta of 0.75.



A number of large investors have recently modified their holdings of USAT. Northern Trust Corp raised its position in USA Technologies by 2.9% in the 1st quarter. Northern Trust Corp now owns 559,612 shares of the technology company’s stock worth $5,037,000 after purchasing an additional 15,954 shares during the period. BlackRock Inc. raised its position in USA Technologies by 33.7% in the 1st quarter. BlackRock Inc. now owns 3,118,797 shares of the technology company’s stock worth $28,070,000 after purchasing an additional 785,778 shares during the period. JPMorgan Chase & Co. raised its position in USA Technologies by 156.4% in the 1st quarter. JPMorgan Chase & Co. now owns 336,268 shares of the technology company’s stock worth $3,027,000 after purchasing an additional 205,131 shares during the period. California Public Employees Retirement System raised its position in USA Technologies by 33.1% in the 1st quarter. California Public Employees Retirement System now owns 178,333 shares of the technology company’s stock worth $1,605,000 after purchasing an additional 44,333 shares during the period. Finally, Allianz Asset Management GmbH raised its position in USA Technologies by 127.7% in the 1st quarter. Allianz Asset Management GmbH now owns 1,450,659 shares of the technology company’s stock worth $13,056,000 after purchasing an additional 813,622 shares during the period. Institutional investors own 72.02% of the company’s stock.

About USA Technologies (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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