USA Technologies (USAT) Sets New 52-Week Low at $4.48

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USA Technologies, Inc. (NASDAQ:USAT)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $4.48 and last traded at $4.35, with a volume of 124621 shares changing hands. The stock had previously closed at $4.73.

USAT has been the topic of several recent research reports. BidaskClub upgraded USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research report on Friday, October 12th. Finally, ValuEngine downgraded USA Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.92.

The stock has a market capitalization of $264.00 million, a PE ratio of 62.86 and a beta of 0.93. The company has a quick ratio of 1.08, a current ratio of 1.34 and a debt-to-equity ratio of 0.29.

Large investors have recently bought and sold shares of the business. Greenwood Capital Associates LLC purchased a new stake in shares of USA Technologies during the third quarter worth $110,000. IFG Advisory LLC bought a new position in shares of USA Technologies in the third quarter worth $143,000. BlueMountain Capital Management LLC bought a new position in shares of USA Technologies in the second quarter worth $147,000. Bank of Montreal Can increased its holdings 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 worth $181,000 after purchasing an additional 23,326 shares during the period. Finally, Credit Suisse AG increased its holdings 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 worth $251,000 after purchasing an additional 21,022 shares during the period. Hedge funds and other institutional investors own 70.98% of the company’s stock.

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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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