HC Wainwright Reiterates Buy Rating for Usio (NASDAQ:USIO)

HC Wainwright reissued their buy rating on shares of Usio (NASDAQ:USIO) in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a $4.00 price target on the stock.

Usio Price Performance

Usio stock opened at $1.83 on Wednesday. The firm has a market capitalization of $49.65 million, a PE ratio of 20.33 and a beta of 1.75. Usio has a 52 week low of $1.24 and a 52 week high of $2.92. The firm’s 50-day simple moving average is $1.74 and its 200 day simple moving average is $1.56. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.03.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of USIO. Creative Planning acquired a new stake in Usio during the 3rd quarter valued at $58,000. Whittier Trust Co. acquired a new stake in shares of Usio during the third quarter valued at $3,821,000. Finally, Geode Capital Management LLC increased its position in Usio by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 182,116 shares of the company’s stock worth $248,000 after purchasing an additional 9,731 shares in the last quarter. 20.23% of the stock is owned by hedge funds and other institutional investors.

About Usio

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.