Usio (NASDAQ:USIO) Upgraded to “Buy” at ValuEngine

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Usio (NASDAQ:USIO) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Saturday, ValuEngine reports.

A number of other analysts have also commented on the company. Barrington Research reissued a “buy” rating and issued a $5.00 target price on shares of Usio in a report on Friday, November 15th. Zacks Investment Research raised Usio from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Friday, November 22nd.

Shares of USIO opened at $1.80 on Friday. The company has a market capitalization of $31.22 million, a P/E ratio of -5.81 and a beta of 1.34. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The firm’s 50 day moving average price is $2.02. Usio has a twelve month low of $1.38 and a twelve month high of $3.82.

Usio (NASDAQ:USIO) last released its quarterly earnings data on Thursday, November 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The business had revenue of $7.09 million for the quarter, compared to analysts’ expectations of $7.96 million. Usio had a negative return on equity of 46.12% and a negative net margin of 16.38%. As a group, equities analysts predict that Usio will post -0.35 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Usio stock. Essex Investment Management Co. LLC bought a new stake in shares of Usio (NASDAQ:USIO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 152,651 shares of the company’s stock, valued at approximately $307,000. Essex Investment Management Co. LLC owned 0.89% of Usio as of its most recent filing with the Securities and Exchange Commission. 3.00% of the stock is currently owned by institutional investors.

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 processing services include Represented Check, a consumer non-sufficient funds check that is represented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment, which is converted into an e-check.

Further Reading: When can a hold rating present a buying opportunity?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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