Shares of USA Technologies, Inc. (NASDAQ:USAT) were up 5.3% on Thursday . The company traded as high as $6.97 and last traded at $6.93, approximately 2,375,181 shares were traded during mid-day trading. An increase of 77% from the average daily volume of 1,338,461 shares. The stock had previously closed at $6.58.
A number of research analysts have recently weighed in on USAT shares. Zacks Investment Research cut USA Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, May 4th. ValuEngine upgraded USA Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Lake Street Capital raised their price target on USA Technologies from $4.50 to $7.00 and gave the company a “hold” rating in a research report on Thursday, June 6th. Finally, BidaskClub cut USA Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. USA Technologies presently has a consensus rating of “Hold” and an average target price of $8.00.
The business has a 50-day moving average price of $7.18.
USA Technologies Company Profile (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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