USA Technologies, Inc. (OTCMKTS:USAT) Receives $9.00 Average Price Target from Brokerages
Shares of USA Technologies, Inc. (OTCMKTS:USAT) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $9.40.
Several analysts have weighed in on the company. Barrington Research assumed coverage on USA Technologies in a research report on Friday. They issued an “outperform” rating and a $11.00 price objective for the company. ValuEngine upgraded USA Technologies from a “hold” rating to a “buy” rating in a research report on Friday, April 24th. Northland Securities reiterated a “hold” rating and issued a $10.00 price objective on shares of USA Technologies in a research report on Thursday, June 25th. Finally, Zacks Investment Research upgraded USA Technologies from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Thursday, June 11th.
USAT stock traded down $0.29 during midday trading on Thursday, hitting $7.01. The company had a trading volume of 223,831 shares, compared to its average volume of 173,622. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.29. USA Technologies has a 52 week low of $3.80 and a 52 week high of $9.25. The stock’s 50 day moving average price is $6.10 and its 200 day moving average price is $6.26.
USA Technologies Company Profile
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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