USA Technologies, Inc. (NASDAQ:USAT) shares shot up 3.7% on Monday . The company traded as high as $7.60 and last traded at $7.05. 1,125,600 shares were traded during trading, an increase of 294% from the average session volume of 285,345 shares. The stock had previously closed at $6.80.

A number of research firms have weighed in on USAT. Zacks Investment Research lowered USA Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Northland Securities reissued a “buy” rating and set a $7.25 price objective on shares of USA Technologies in a report on Tuesday, September 5th. William Blair began coverage on USA Technologies in a report on Thursday, August 24th. They set an “outperform” rating for the company. BidaskClub lowered USA Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, ValuEngine raised USA Technologies from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.50.

The company has a quick ratio of 2.38, a current ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $378.98, a price-to-earnings ratio of 377.50 and a beta of 0.87.

USA Technologies (NASDAQ:USAT) last released its earnings results on Wednesday, November 8th. The technology company reported $0.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.01. The company had revenue of $25.62 million during the quarter, compared to the consensus estimate of $25.87 million. USA Technologies had a return on equity of 1.20% and a net margin of 0.37%. sell-side analysts predict that USA Technologies, Inc. will post 0.06 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in USAT. Bank of New York Mellon Corp lifted its position in USA Technologies by 15.2% in the 1st quarter. Bank of New York Mellon Corp now owns 122,125 shares of the technology company’s stock worth $519,000 after buying an additional 16,143 shares during the last quarter. Vanguard Group Inc. lifted its position in USA Technologies by 3.3% in the first quarter. Vanguard Group Inc. now owns 1,440,142 shares of the technology company’s stock valued at $6,121,000 after purchasing an additional 45,825 shares during the last quarter. Geode Capital Management LLC lifted its position in USA Technologies by 5.3% in the first quarter. Geode Capital Management LLC now owns 274,159 shares of the technology company’s stock valued at $1,165,000 after purchasing an additional 13,887 shares during the last quarter. Monarch Partners Asset Management LLC lifted its position in USA Technologies by 13.8% in the second quarter. Monarch Partners Asset Management LLC now owns 114,430 shares of the technology company’s stock valued at $595,000 after purchasing an additional 13,840 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in USA Technologies by 25.2% in the second quarter. Rhumbline Advisers now owns 39,402 shares of the technology company’s stock valued at $205,000 after purchasing an additional 7,935 shares during the last quarter. Institutional investors own 39.27% of the company’s stock.

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About USA Technologies

USA Technologies, Inc provides technology-enabled solutions and value-added services that facilitate electronic payment transactions within the unattended point of sale (POS) market. The Company is a provider in the small ticket, beverage and food vending industry and is also engaged in offering solutions and services to other unattended market segments, such as amusement, commercial laundry, kiosk and others.

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