BidaskClub Downgrades USA Technologies (USAT) to Hold
BidaskClub lowered shares of USA Technologies (NASDAQ:USAT) from a buy rating to a hold rating in a research note published on Thursday, August 23rd.
USAT has been the subject of several other reports. Barrington Research reissued a buy rating on shares of USA Technologies in a research report on Monday, May 7th. Lake Street Capital reaffirmed a buy rating and issued a $17.00 price objective on shares of USA Technologies in a research report on Wednesday, June 13th. ValuEngine raised USA Technologies from a buy rating to a strong-buy rating in a research report on Wednesday, May 2nd. Finally, Zacks Investment Research upgraded USA Technologies from a sell rating to a hold rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. USA Technologies currently has an average rating of Buy and an average target price of $13.67.
Shares of USAT stock traded down $0.20 on Thursday, hitting $10.70. 1,319,658 shares of the stock were exchanged, compared to its average volume of 980,624. USA Technologies has a fifty-two week low of $5.25 and a fifty-two week high of $16.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.34 and a quick ratio of 1.08. The stock has a market capitalization of $609.01 million, a P/E ratio of 145.00 and a beta of 0.59.
About USA Technologies
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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