Usio (NASDAQ:USIO) Stock Price Breaks Below 50 Day Moving Average – Here’s What Happened

Usio Inc (NASDAQ:USIO)’s stock price crossed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $2.73 and traded as low as $2.03. Usio shares last traded at $2.19, with a volume of 809,540 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Wall Street Zen raised Usio to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings raised Usio from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 8th. Finally, Ladenburg Thalmann & Co. Inc. upped their price objective on Usio from $6.25 to $6.75 and gave the company a “buy” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $5.38.

Usio Trading Down 24.7%

The firm has a market capitalization of $62.41 million, a P/E ratio of -72.98 and a beta of 1.34. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $2.73 and a two-hundred day moving average of $1.95.

Usio (NASDAQ:USIO) last posted its quarterly earnings results on Tuesday, November 10th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Usio had a negative net margin of 0.92% and a negative return on equity of 4.79%. The company had revenue of $23.76 million for the quarter, compared to the consensus estimate of $23.98 million. On average, analysts anticipate that Usio Inc will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Usio

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Life Advisors bought a new stake in shares of Usio in the 3rd quarter valued at about $63,000. Stonebridge Wealth Management LLC boosted its position in shares of Usio by 57.6% during the 3rd quarter. Stonebridge Wealth Management LLC now owns 279,067 shares of the company’s stock worth $751,000 after purchasing an additional 101,983 shares in the last quarter. Allworth Financial LP bought a new position in shares of Usio during the 2nd quarter worth about $102,000. BlackRock Inc. bought a new stake in Usio in the 2nd quarter valued at about $277,000. Finally, FNY Investment Advisers LLC bought a new stake in Usio in the 2nd quarter valued at about $49,000. 20.23% of the stock is currently owned by institutional investors and hedge funds.

About Usio

Usio, Inc. (NASDAQ: USIO) is a financial technology company that provides electronic payment and money-movement services. Its platform supports payment acceptance and processing through methods such as credit cards, debit cards and automated clearing house (ACH) transactions. The company offers services for businesses, financial institutions, government organizations and other entities seeking to collect, disburse or manage payments. Its solutions include electronic bill payment, card processing, ACH payments and prepaid card programs, with an emphasis on integrated payment technology and related processing services.