Usio (USIO) Set to Announce Earnings on Wednesday

Usio (NASDAQ:USIOGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 11th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Shares of NASDAQ:USIO traded down $0.04 during trading on Wednesday, hitting $2.66. 36,478 shares of the company were exchanged, compared to its average volume of 44,030. The company has a 50 day moving average of $3.28. Usio has a 12-month low of $2.54 and a 12-month high of $8.62. The stock has a market capitalization of $67.91 million, a PE ratio of -133.00 and a beta of 1.72.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in shares of Usio by 1.4% during the third quarter. Geode Capital Management LLC now owns 139,287 shares of the company’s stock worth $824,000 after buying an additional 1,914 shares during the last quarter. Two Sigma Investments LP grew its position in Usio by 34.3% in the third quarter. Two Sigma Investments LP now owns 20,969 shares of the company’s stock valued at $124,000 after acquiring an additional 5,357 shares during the period. Citadel Advisors LLC grew its position in Usio by 19.8% in the second quarter. Citadel Advisors LLC now owns 35,312 shares of the company’s stock valued at $226,000 after acquiring an additional 5,838 shares during the period. Morgan Stanley grew its holdings in shares of Usio by 7.5% during the second quarter. Morgan Stanley now owns 139,213 shares of the company’s stock worth $891,000 after purchasing an additional 9,733 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Usio by 23.3% during the fourth quarter. State Street Corp now owns 52,900 shares of the company’s stock worth $231,000 after purchasing an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

USIO has been the topic of a number of research reports. Zacks Investment Research raised shares of Usio from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Friday, March 25th. Maxim Group reissued a “buy” rating and set a $10.00 price target on shares of Usio in a research report on Friday, March 18th.

Usio Company Profile (Get Rating)

Usio, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services. Its ACH transaction processing services include Represented Check, a consumer non-sufficient funds check that is presented for payment electronically rather than through the paper check collection system; and Accounts Receivable Check Conversion, a consumer paper check payment that is converted into an e-check.

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Earnings History for Usio (NASDAQ:USIO)

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